You may have noticed that in all the discussions and heated exchanges, there was one glaring omission—no one talked about housing or interest rates!
I wanted to address a hot topic that has been on many of our minds: the recent presidential debate between Trump and Biden. You may have noticed that in all the discussions and heated exchanges, there was one glaring omission—no one talked about housing or interest rates!
Housing and interest rates are critical issues that directly impact all of us, whether you’re a homeowner, a renter, or a prospective buyer, we should be paying attention to what wasn’t said.
The housing market is a cornerstone of the U.S. economy. It influences everything from employment rates to consumer spending. When presidential candidates skip over such a crucial topic, it leaves a lot of unanswered questions about their plans and policies.
Whether you’re looking to buy your first home, refinance, or simply manage your current mortgage, interest rates are a key factor. Understanding the candidates’ stances on monetary policy can give us insight into future rate trends and help us make informed decisions.
I wished Biden and Trump would have said that they plan to continue working towards a strong economy that supports homeownership by keeping interest rates low and providing incentives for first-time homebuyers. I wish that our administration would focus on reducing regulatory burdens that can delay housing projects, thus making homes more affordable and accessible to all of us Americans.
I wished Biden and Trump would have said that Housing affordability is a critical issue. I wish they said that the administration would work to increase the supply of affordable housing by investing in new construction and renovation projects. Interest rates should remain favorable for homebuyers and provide support for those struggling to keep up with their mortgage payments due to economic hardship.
We can’t get more inventory if interest rates don’t go down. High interest rates discourage builders from starting new projects due to increased financing costs, which in turn limits the availability of new homes on the market. Additionally, the issue of affordable housing is crucial. Lack of affordability is a major barrier to homeownership, and it’s a topic that should have been addressed during the debate to understand how each candidate plans to tackle this pressing issue.
Did you know that a significant portion of Americans currently think it’s not a good idea to buy a home? According to a recent survey by Fannie Mae, about 86% of consumers believe that now is not a good time to purchase a home due to high prices and rising interest rates【source: HousingWire】. This sentiment makes it clear that it’s very important to discuss housing policies at the highest levels of government.
It’s a real bummer that the debate left us hanging. But while it’s disappointing that housing and interest rates were left out of the debate, it stresses the importance of staying informed and proactive. Rest assured, I’m keeping a close watch on the market and will continue to provide you with the latest updates and expert advice.
As always, feel free to hit reply with any questions or if you just want to chat about your housing plans!
Location
2020 Lomita Blvd,
Torrance, CA 90101
United States
Pages
Follow us
