Reported about 1 month ago
As the US presidential election approaches, the housing market is facing challenges with existing home sales dropping to a 14-year low due to high mortgage rates. Expert Jeff Taylor discusses how the policies proposed by candidates Kamala Harris and Donald Trump could influence the market, particularly in providing assistance for homebuyers and maintaining tax incentives. While he predicts increased housing activity in 2025 regardless of the election outcome, Taylor emphasizes the need for greater supply and lower interest rates to ensure long-term stability and affordability in the housing sector.
Source: YAHOO