How will a Second Trump Term Impact the Housing Market?

Jeff Ostrowski, Mortgage & Housing Analyst at Bankrate, discusses mortgage rates in America and how the housing market will change under a second Trump term.

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[jonathantaylor]

Bond yields exploding higher. Mortgage rates could easily be 8% by the time Trump takes office. It doesn't matter who is President- if mortgage rates go from 2.65% to 8, 9 or 10%, there will be chaos.

[GoldTau-ld]

Let’s add tariffs, spend more, cut taxes, and cut rates 😂 INFLATION 🔥

[michaelschiemer]

In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.

[ziggykittykat]

“Let’s end on some good news…”
Crickets…

[jessirvington]

Housing supply on the market is going up, price cuts are going up. Home values will fall as supply grows and sits

[mpb]

The bond market is freaking out over proposed broad tariffs causing high inflation. So, look forward to higher rates.

[TurnRiver]

Well, he could bring down housing costs by crashing the market.

[victoriabanaag]

Great it will be! People will come together to buy and build our own We will be fuel independent again.More foreign tariffs yo make our money stronger again and much, much more.

[lovefree]

How about unrealistic pricing? I can date a rate

[monkusbee]

Lower energy prices may lower construction costs

[LS]

Probably not, unless he goes after companies buying it, then no. Probably make it worse

[oedhelsetren]

Having studied this issue first hand, most of you need to stop blaming the federal government for things your local government are responsible for. We could stabilize the housing market by enacting higher property taxes. It's that simple.

[smalltownglobalproductions]

When talking about Trump's plan, remember that he is an independent entrepreneurial spirit and will come up with the solutions that may not fit into your box of what usually happens.

[kellyh]

If you have a thriving economy people will buy.

[TheJscriptor]

My thoughts are as follows as I am getting older and trying to look into a crystal ball to figure how the 'near' future is going to look. The big concerns are as follows:
- Folks borrowed way over than they can afford housing, cars .... etc.
- Potential for trade wars (tariffs) is looming. According to classical economists, there are no winners in trade wars, only losers (both side)
- According to classical economists, trade wars typically results in jobs losses.
- No job and can't pay mortgage, houses will go into foreclosures. How many, I will have to consult the crystal ball for an answer.
- To many foreclosures will certainly impact the housing marked.

Just thoughts that keep going through my heads as I have close and distant family members in the construction business and 'new' mrtgage payees.

Any thought on this scenario ... or it is not a concern ... no worry?

[missylavender]

His right my son first time buyer it’s hard for him to get a house ! I feel sorry for him he has 3 girls the apartment he rented caught on fire and he need house so badly ! but monthly payment is too expensive

[jeanah]

People keep underestimating President Trump. You would think that they would learn by now. 😂😅

[donchaput]

Yeah, we definitely need less taxes and a bigger "America's Credit Card" payment, where we send the money to other countries. Awesome.

[wrxtr]

Can we all agree: we’re in this mess because of the federal reserve being the financier of endless government spending - inflation being passed to the working class

[vitbing]

always good to know what the financial expurts are thinking ! they have the know and will lead you to big money returns .