In his recent two-hour speech to Congress, President Donald Trump highlighted his administration's achievements and future economic plans, yet conspicuously overlooked the pressing issue of housing affordability. Only briefly mentioning mortgage rates, Trump referenced proposed federal spending reductions to indirectly address housing costs. While mortgage rates have slightly fallen since his inauguration, the overall housing market continues to struggle with severe affordability challenges. Critiques from economists pointed out the lack of focus on inventory issues and the ongoing crisis for prospective homeowners, underlining the disconnect between administration rhetoric and real-world housing challenges.
By slashing all of the fraud, waste, and theft we can find, we will defeat inflation, bring down mortgage rates, lower car payments and grocery prices, protect our seniors, and put more money in the pockets of Americans.
President Donald Trump's speech didn't address housing affordability. Apart from a passing comment about how the DOGE efforts to reduce government waste will bring down mortgage rates, the speech made no mention of the inventory and affordability crisis facing prospective homeowners.
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