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19.01.26 - 02:51
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Housing Market′s Deep Freeze May Finally Begin To Thaw (ZeroHedge)
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Housing Market's Deep Freeze May Finally Begin To Thaw
Realtors, mortgage lenders, and other industry professionals: if three years of depressed transaction activity have you thinking about exiting, it may be worth holding that thought for now. A new Goldman note suggests that policy maneuvering by the Trump administration could partially unfreeze the housing market in the upcoming selling season, potentially reviving some activity.
The Trump administration is attempting to unfreeze a housing market paralyzed by elevated mortgage rates and high home prices, which have pushed affordability to generational lows.
Goldman analyst Arun Manohar penned a note on Wednesday asking clients: All hands on deck to fix US housing affordability?
Manohar highlighted several key housing policies under the Trump administration: a recently announced $200 billion MBS purchase program aimed at lowering mortgage rates, a proposed ban on institutional investors buying single-family homes, and additional measures de...
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