TRUMP’S EPIC COMEBACK: WHAT IT MEANS FOR THE ECONOMY AND REAL ESTATE

In a plot twist that could rival any movie, Trump has pulled off a historic comeback with a clean sweep in Congress.

In a plot twist that could rival any movie, Trump has pulled off a historic comeback with a clean sweep in Congress. So, what does this mean for the economy and real estate market? Let’s dive into some key issues and how the new administration might tackle them, one bold move at a time.

1. Inflation: Still an Uninvited Guest

While inflation’s calmed down a bit, it’s still that annoying guest lingering around—especially at the gas pump, grocery store, and when you open that utility bill. Trump’s team will likely focus on getting it under control, but they’ll have to tread carefully to avoid derailing growth. Expect a mix of energy policy shifts and supply chain fixes to (hopefully) get prices back in check.

2. Interest Rates: The High-Rate Heartburn

Higher rates are a pain for everyone, from homeowners to credit card holders. While rates aren’t historically high, today’s debt levels and housing costs make them feel unbearable. The solution? Some serious belt-tightening on government spending could help ease this burden over time, but it’s a big ask.

3. Housing Affordability: Building and Rebuilding

The housing market needs a serious boost to supply. Trump’s team could encourage private builders with tax incentives, lower building barriers, and a push to turn vacant properties into affordable homes. Think of it as a “Flip or Fix for America” project. Getting more homes on the market could ease the affordability crunch and make housing more accessible.

4. Helping First-Time Home Buyers

Supporting first-time home buyers will be critical. Trump’s administration could make FHA and VA loans more accessible, offer better terms, and maybe even throw some love to self-employed buyers. If we want new buyers in the market, we need mortgages that make sense and encourage lending.

6. Energy Costs: Drill, Baby, Drill!

Rising energy costs have a ripple effect everywhere. Expect a push for more domestic drilling to lower prices at the pump and bring down utility bills. Lower energy costs could be a major relief for consumers and businesses alike, giving everyone a little extra breathing room.

7. Tax Cuts: Fuel for Growth

Tax cuts might sound like a repeat, but they can make a big difference, especially for businesses. Lower taxes could mean more hiring, more expansion, and maybe a few more bucks in your paycheck. Win-win, right?

8. Tariffs: To Tariff or Not to Tariff?

Trump’s known for using tariffs as a bargaining chip. While they could make some goods pricier at first, they’re intended to boost domestic industry. How this will shake out is anyone’s guess, but buckle up for some trade drama!

9. Cutting Spending: Time to Tighten Up

Expect a push for government spending cuts to keep debt in check. Think fewer fancy dinners and more coupon clipping at the federal level. This discipline could help free up resources for the areas that really need it, without adding to the debt pile.

10. Local Incentives for Real Estate

State and federal agencies might ramp up incentives for building, renting, and selling homes. Programs that encourage home sales to first-time buyers, ADUs, and vacant rentals could ease market pressure. Flexibility in financing and lower rates would be a game-changer, too—though that’ll take a bit more work in the budgeting department.

What’s Next?

With a full sweep and some bold ideas on the table, expect a new era of economic and real estate policy. It’s going to be a wild ride, so stay tuned, stay informed, and—if you’re in the market—stay ready for whatever comes next!