Donald Trump secured enough electoral votes from key swing states to win a second term as the 47th U.S. president. His victory occurs during a housing crisis, marked by record-high home prices, with half of U.S. renters categorized as cost-burdened, according to real estate marketing platform Realtor.com. This highlights the urgency of the situation.

The ongoing challenges in the housing market are a significant concern for many Americans. Trump’s potential return to office raises questions about how his policies could impact this market. The uncertainty surrounding the specific policies of the incoming administration adds an element of intrigue. Trump has attributed rising costs to high mortgage rates and illegal immigration, and he has called for reducing building regulations and permit requirements.

The evidence regarding the impact of immigration on housing costs is inconclusive. Although higher levels of immigration may contribute to rising local rents in a city, the recent surge in home prices after the pandemic began before the increase in illegal immigration.

Read the full article at: What Does a Trump Presidency Mean for the Housing Market?