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From the 1970s to the 1980s, Michigan voted Republican before voting Democrat from the 1990s to 2012.
It might depend on the industry, though.
Most of the changes its brought about specifically those that impact individual finances are set to expire in 2026.
Trump was the one who originally signed the TCJA into law.
If hes elected for a second term, he could very well expand it beyond its current timeline.
The Tax Cuts and Jobs Act of 2017 will most likely be reinstated, said Jerry.
Its possible that some of his policies would bring prices down, which would alleviate some financial stress.
However, certain policies could have an adverse effect on prices.
Trump has proposed enacting a tariff on foreign-made goods.
This could support domestic businesses, which would be good for entrepreneurs and business owners.
But it would also lead to higher prices on imported products.
The median sales price is $412,300.
As of now, Trump hasnt specifically indicated how he plans to address the housing crisis issue.
There is potentially good news, however.
The median sales price of single-family homes in Michigan is $260,000, significantly lower than the national median.
For those whod benefit from potentially higher wages orbetter career opportunities, this could make homeownership more achievable.
Theres just no guarantee that prices will drop.
Stocks Could Benefit
The stock market has always been volatile, regardless of whos in office.
For individuals whove invested in stocks, a Trump presidency could be beneficial.
A recentCNBC surveyfound that 67% of individual investors feel that Trump would be good for the stock market.
For long-term investors, the current U.S. president might not have as much of an impact.
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