Housing Market
What a Trump Presidency Means for Housing
Trump’s housing policies could reshape real estate. Explore his plans on affordability, supply, and how agents can lead locally on housing issues.
November 6, 2024
Trump’s housing policies could reshape real estate. Explore his plans on affordability, supply, and how agents can lead locally on housing issues.
The Mortgage Bankers Association’s 2025 forecast predicts total mortgage origination volume will rise to $2.3 trillion, up from $1.79 trillion in 2024. Purchase originations are expected to increase by 13%, totaling $1.46 trillion by 2025.
The Fannie Mae Home Purchase Sentiment Index® (HPSI) rose 1.8 points in September to 73.9, its highest level in over two years, driven by record consumer optimism that mortgage rates will decline.
The Realtor.com® September Housing Report shows newly listed homes increased 11.6% year-over-year as mortgage rates dropped to a 24-month low following a 50 basis point Federal Reserve rate cut.
Apartment Therapy’s latest survey reveals the biggest challenges homebuyers face in 2024, from high prices and mortgage rates to unexpected costs. Learn what today’s buyers are prioritizing and the biggest deal breakers when shopping for homes.
Fannie Mae’s ESR Group revised downward its forecast for existing home sales, predicting an annual sales rate at its lowest since 1995, due mainly to the lock-in effect and persistent affordability constraints.
A new Realtor.com report shows falling mortgage rates increased homebuyers’ purchasing power by $74,000 nationwide in August 2024 compared to October 2023.
Zillow’s latest market report shows that lower mortgage rates and rising inventory are improving affordability for home buyers, offering increased negotiating power and more listings to choose from.
According to Realtor.com, the best week to buy a home in 2024 is from September 29 through October 5, with potential savings of over $14,000 compared to peak summer prices.
No matter who’s running or who wins, historically, the U.S. housing market has reacted to election year tensions in the month of November, if only temporarily, with changes to home sales, prices, and mortgage rates.
On today’s Hot Sheet, Byron Lazine shared scripts and email subject lines you can leverage to take advantage of this week’s drop in mortgage rates and help save home buyers money.
U.S. stocks suffered a major decline on Monday, with the Dow dropping 1,000 points. Real estate stocks followed suit, with significant losses across brokerages and homebuilders.
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