The 2024 presidential race is at the top of all Americans’ minds these days as Election Day gets ever closer. Not only is there general economic discontent, but people in other markets are wondering what a second term under Donald Trump would look like, including the U.S. real estate landscape.
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The housing market often points to other economic issues, creating a domino effect for American homeowners. GOBankingRates put out the call to economists and real estate experts for their expert opinions on what might happen to the housing market if Trump were to win the election.
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“If former President Donald Trump should win the upcoming election, we would see another massive refinance boom along with a record number of home sales,” said Marty Harlee, president and CEO at First Trust Financial.
“I predict that Trump would definitely recommend to the Federal Reserve to lower the interest rates. He would recommend this because it is the best and most effective way to move the economy upward quickly — and our current market could certainly stand a boost. Lowering rates would move every other industry upward as well,.
Harlee said this could extend to car sales and refinancing, home equity lines of credit and many other sectors of the…
