February 13, 2025 - 23:54
The U.S. housing market has faced significant challenges since the onset of the COVID-19 pandemic, which coincided with the early days of President Donald Trump’s administration. Over the past three years, the market has been grappling with pandemic-induced inflation, which has driven interest rates to unprecedented levels. This rise in rates has made borrowing more expensive, further complicating the purchasing process for potential homebuyers.
As a result, the inventory of available homes has dwindled, leading to increased competition among buyers. Many individuals and families are finding it increasingly difficult to secure affordable housing options. The combination of limited supply and high demand has caused home prices to soar, making homeownership seem like an unattainable dream for many.
These market dynamics highlight the ongoing repercussions of the policies enacted during Trump's presidency, which have contributed to the current state of the housing sector. As the nation continues to navigate these economic challenges, the real estate market remains a critical focal point for both policymakers and prospective homeowners.
