Leading up to Inauguration Day, there are many issues for President-elect Trump to tackle. None are more pressing than affordable housing.
First off, mortgage rates have skyrocketed in recent years — from under 3 percent in 2020 to nearly 7 percent today. U.S. home prices have risen nearly 50 percent over the last four years, further pricing out potential homebuyers who can’t even afford once-attainable starter homes. Indeed, U.S. home sales have slowed to their weakest pace in almost 14 years.