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IfKamala Harriswins, she could bring significant changes to housing policies and programs across the nation.
Here are Kucis four predictions for the housing marketif Harris becomes president.
Affordable Housing
Kuci said Harris likely would push for more funding for affordable housing.
This could meanboth renters and homebuyershave more housing options, which might end up lowering costs for everyone.
An increase inaffordable housing unitsmight lead to a slight decrease in property values for the homes in that area.
But this could be offset if the new development also creates more economic activity there.
While this hasnt become law yet, Harris likely would push for it if she wins.
This likely would take the form of regulations intended to preventpredatory lending practices.
This could mean stricter enforcement of fair lending laws that already exist.
Tenants Rights and Rent Stabilization
Harris also could focus on expanding protections for renters, Kuci said.
This would mean strengtheningeviction prevention programs.
Harris has been a strong proponent of tenants rights and rent stabilization, Kuci said.
Harris administration could potentially providefederal support or incentivesfor states and cities to implement rent control measures.
These policies could provide greater stability for renters and protection against sudden rent hikes.
It could impact the rest of the housing market as well.
This could mean fewer people looking to buy their first homes.
In places with strong rent control, some landlords might decide to convert their rental properties into condos instead.
This would mean more homes for sale in those areas.
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