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After all, government changes often come with economic shifts, including the housing market.
Interest rates may come down or less ideally home prices will rise.
Two of the big ones are in terms of economic growth and supply.
Historically, Trumps administration focused on deregulation and tax cuts, which can stimulate economic growth,Shirshikov said.
While this is good news forGen Zers and millennialsbuying homes, theres a caveat.
Around 1.4 million new residential homes were built nationwide.
Now, according to Marketing Charts, Gen Z and millennials account for roughly 42% of theU.S.
population, or 142 million people.
If Trump gets re-elected, it could mean lower interest rates.
The Trump administration previously advocated for lower interest rates, Shirshikovsaid.
This was, in large part, due to low interest rates and strong economic policies.
It primarily depends on the individuals financial situation.
When it comes to generational impact, I believe a Trump re-election would have varying effects.
Meanwhile, older generations with established equity could see their property values increase, Stance said.
But policies focused on deregulation often benefit those with existing capital more, potentially widening economic disparities across generations.
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