President Trump says he wants to drive housing prices up, not down [View all]
Source: USA Today
WASHINGTON − Amid growing affordability concerns across the nation, President Donald Trump said he is looking to drive housing prices further up, not down.
Trump said at a Jan. 29 Cabinet meeting he wants to make it easier for Americans to buy homes ‒ but not by making housing less expensive. Instead, he suggested lower interest rates he expects from his upcoming pick to lead the Federal Reserve will allow more Americans to buy homes even as housing prices rise.
"I don't want to drive housing prices down. I want to drive housing prices up for people that own their homes," Trump said. "And they can be assured that's what's going to happen."
Trump has been rolling out several policy proposals and actions aimed at addressing affordability and housing as Americans continue to express cost-of-living concerns. That includes a Jan. 20 executive order banning institutional investors from buying single-family homes in a push to expand home ownership. The Trump administration is also purchasing mortgage-backed securities to lower mortgage rates.
Read more: https://www.yahoo.com/news/articles/president-trump-says-wants-drive-212545196.html
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