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With the interest rates rising alongside them, its no wonder many Americans seehomeownershipas out of reach.
President-elect Trump promised his policies would fix that and give people hope in the American Dream again.
Broad Tariffs
Its no secret that Trump is a fan of tariffs.
A 20% tariff would cost them $2,045.
When it comes to housing, tariffs could impose an import tax on building supplies.
This cost to builders would be passed ontonew home buyers.
There is precedent for this theory.
They depend, in part, on the federal funds rate that the Federal Reserve sets.
And whether the Fed lowers or raises rates is dependent on how they assess the state of the economy.
Cutting Regulations
On the campaign trail, then-candidate Trump promised to cut regulations.
Its even in his official platform,Agenda 47.
Trump believes this would lower the price of housing.
Is that number accurate?
And will it be enough to offset the added cost to building supplies that tariffs impose?
Its impossible to say.
Trump has claimed that, among other things, immigrants are the cause of the housing crisis.
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