How Might Trump Affect Housing Prices?
The new administration is moving quickly to introduce changes in Washington, with President Trump signing a number of executive orders that could have a major impact. One of these orders focuses on making housing more affordable—an issue many Americans have been hoping for. However, the order did not provide many details on how this goal will be achieved beyond mentioning that government regulations contribute to construction costs. Experts believe the administration could reduce or remove certain energy efficiency rules for housing, which could help lower building expenses.
The administration has also appointed new leaders for important housing agencies, but so far, it hasn’t outlined a clear long-term strategy for addressing housing and mortgage concerns. While there is hope that future measures will prioritize home affordability, the specifics of these actions remain uncertain. Some experts warn that other executive orders, like stricter immigration policies, could create challenges by reducing the labor supply for construction, which might increase costs for builders and limit potential savings.
The president has also expressed interest in lowering interest rates to boost economic activity. However, on Wednesday, the Federal Reserve decided to pause its rate-cutting campaign, holding rates steady at a range of 4.25% to 4.5%. The Fed cited ongoing uncertainty related to inflation and the president’s policies on trade and immigration.
Officials indicated they plan to take a “patient” approach, waiting for more data on the economy, inflation and the impact of policy changes before making further decisions. While inflation has eased, concerns remain about how tariffs on imports and changes to immigration policy could affect consumer prices and economic stability.
Industry experts are watching closely to see how regulatory changes, labor costs and potential shifts in interest rates will play out in the coming months. While there is optimism that some measures will ease housing challenges, the housing and financial markets are in a wait-and-see mode, navigating uncertainty as new policies take shape.
And, of course, this takes us back to last month’s article about the futility of waiting for the right moment.
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Ready to buy a new home or refinance the one you own? Please get in touch and I’ll be happy to answer your questions and help guide you through the process. I look forward to speaking with you.
Nation Library Lover’s Month
Libraries have evolved with the times. They’ve become trusted community hubs offering knowledge, connection, and opportunity.
During National Library Lovers’ Month, we celebrate their role in empowering individuals and strengthening communities. Here’s why.
- Access for All: Libraries break down barriers by offering free access to books, technology, and information for anyone—regardless of income or background. Did you know you can use your library card to download free audiobooks with the Libby app?
- A Gateway to Lifelong Learning: From children’s story hours to adult literacy programs and online research databases, libraries cater to learning at all ages.
- Community Connection: Most libraries host local events, book clubs and job search workshops.
Let’s give our local libraries the recognition they deserve in February and throughout the year!
Home Improver: Top 3 Best Uses for Baking Soda
We all know by now that baking soda is a magical ingredient that goes far beyond baking. It’s a household superhero with endless practical uses. Here are three of the best ways to put this natural, budget-friendly product to work around your home:
Deodorize and Freshen Spaces: Sprinkle baking soda in your fridge, trash cans, or shoes to neutralize odors. Its odor-absorbing power works wonders in keeping spaces smelling fresh without artificial scents.- Natural Cleaning Power: Create a paste with water to scrub sinks, tubs, and countertops. It’s gentle on surfaces but tough on grime and stains, making it a safer alternative to harsh chemicals.
- Unclog and Freshen Drains: Pour half a cup of baking soda followed by vinegar down the drain. Let it bubble for 15-20 minutes, then rinse with hot water. This combo breaks down clogs and keeps drains odor-free.
With baking soda in your pantry, you’ve got an eco-friendly solution on hand to tackle many of your home’s little challenges!