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RawStory: Key gripe Trump aimed at Harris set to get worse with his presidency: experts [View all]
RawStory - Key gripe Trump aimed at Harris set to get worse with his presidency: experts
Alex Henderson, AlterNet
November 12, 2024 10:56AM ET
/snip/
But real estate experts interviewed by Newsweek predicted that "mortgage rates are likely to rise."
Lawrence Yun, chief economist and senior vice president of research at the National Association of Realtors, told Newsweek, "In the short run, mortgage rates could rise due to less focus on budget deficit and extending and expanding tax cuts."
Chen Zhao, director for economic research at Redfin, believes Trump's immigration policies could lead to higher housing costs.
Zhao told Newsweek, "Similarly, if construction labor costs increase because there are fewer construction workers because of immigration restrictions, the cost of building a home will also increase. Whether those increases are passed on to home prices depends on market conditions. It may just be that builders build less."
/snip
Alex Henderson, AlterNet
November 12, 2024 10:56AM ET
/snip/
But real estate experts interviewed by Newsweek predicted that "mortgage rates are likely to rise."
Lawrence Yun, chief economist and senior vice president of research at the National Association of Realtors, told Newsweek, "In the short run, mortgage rates could rise due to less focus on budget deficit and extending and expanding tax cuts."
Chen Zhao, director for economic research at Redfin, believes Trump's immigration policies could lead to higher housing costs.
Zhao told Newsweek, "Similarly, if construction labor costs increase because there are fewer construction workers because of immigration restrictions, the cost of building a home will also increase. Whether those increases are passed on to home prices depends on market conditions. It may just be that builders build less."
/snip
9 replies
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