Real Estate Experts on What a Change in Administration Means for the US Housing Market

Throughout his campaign, President Trump assured voters that the U.S. housing market—alongside immigration, the economy, and the Middle East—was a top priority. As he returns to the White House in January 2025, real estate industry experts are sharing their perspectives on how his second term could impact the sector, the market, and Americans’ lives.

The current climate of the real estate sector 

Industry leaders highlighted the challenges facing the U.S. real estate market earlier this year. In the Financial Times, David Rosenberg from Rosenberg Research noted the sector’s unpredictability: “When it comes to the housing market, the laws of supply and demand don’t seem to apply any longer . . . Demand at a four-month low, supply at a four-year high, and prices at unprecedented heights.”

Combined with record low sales, high vacancy rates and elevated financing costs, the market is at breaking point. The electing of a new president comes at a pivotal time for the real estate sector as it looks to improve what many describe as an ‘unhealthy’ market.

What is Trump proposing?  

During his campaign, President Trump made several high-profile promises aimed at rejuvenating the sector.

President Trump pledged to reduce inflation and lower mortgage rates, gaining traction in some of the country’s most challenging housing markets as a result. He further advocated for deregulation and stricter illegal immigration measures, suggesting these would increase housing availability for U.S. citizens.

Which industry experts believe President Trump will have a positive impact on the sector?

Trump’s bold commitments sparked optimism among some industry professionals, who believe potential for growth under his leadership.

Jim Tobin, CEO of the National Association of Home Builders, expressed hope that President Trump will scale energy efficiency requirements introduced by the Biden administration, streamline regulations under the Clean Water Act and relax the requirement for Federal Housing Administration borrowers’ homes to be up to industry standard, to name a couple of pledges. He explained how “we need all options on the table when it comes to increasing housing supply, which means allowing more density in suburbs or cities to allow more units to be produced”.

Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, echoed these sentiments, noting that many in the sector are optimistic. He added that if the administration delivers its campaign promises, the sector could see an uplift.

Who remains skeptical? 

Other industry experts have questioned whether this confidence should be treated with caution.

Daryl Fairweather of real estate analytics company Redfin, speaking to CNBC news, observed that it might be too soon to tell whether the Trump administration will prioritize housing costs as much as a Harris administration may have. Speaking following the election, Fairweather explained how changes are tariff-dependent, while also noting that the aid mentioned by President Trump might not help densely populated areas.

Similarly, Chief Economist at Realtor.com, Danielle Hale, believes that President Trump’s impact on the real estate sector remains ‘unclear’. While acknowledging that voters have given the President-elect a strong mandate, proposals could have the opposite effect on the housing and real estate market.

Who is neutral? 

Some industry experts, however, hold a more nuanced stance in assessing the impact of a new administration.

Craig Sewing, a real estate entrepreneur and founder of American Dream TV, remarked that there are a lot of questions on what a change in administration means for housing, noting that “despite many in the media always finding a way to portray opinion as fact”, there are “no crystal balls”. Sewing, whose channel American Dream TV showcases real estate prospects at a community level, added that if the market were to stabilize, this could set up a “friendlier environment for mortgage rates, and by extension, first-time buyers”, and that the housing sector will feel the ripple of President Trump’s economic policies despite not directly controlling inflation rates.

Ultimately, as the new administration prepares to take office, the U.S. housing market stands at a crossroads. While campaign promises have sparked optimism, some real estate professionals remain cautious due to the sector’s unique challenges and uncertainty over wider market forces at play. The coming months will reveal whether President Trump’s pledges will be enough to bring energy and hope back to a sector which has been under immense pressure and will certainly be on the minds of the public over the next few months.

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