Former Million Dollar List star and real estate agent Josh Altman Josh Altman Josh Altman joins Varney & Co to break down the red tape, why buyers want turnkey properties and how mortgages are costing families thousands upon thousands upon thousands.
The president Donald Trump Is the improvement in the cost of financing in loans since he took office as he looks to deal with America’s problems regarding the availability of persistent money in the economy.
Trump spoke at a rally in Pennsylvania on Monday and blamed the management of the bid to come out on top Housing coststo say “America wins again” because of his policies. The President also shows a chart that shows that the annual payments to the money have increased by more than $ 14,600 during the administration of President Joe Biden, while they have declined by more than $ 2,900 since Trump returned to the White House.
“We’re going down with our prices, they’re going up with their prices. So with us, keep $2,900 – almost, you’re out of that because the $15,000 news doesn’t tell you that,” Trump said.
Realtor.com reviewed The President’s claim was also found to be very accurate for new homes, although the average mortgage payments are more than 80% higher than they were at the end of Trump’s first term even after the recent reduction.
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President Donald Trump touted improvements in housing affordability during a speech in Pennsylvania. (Pete Marovich/Getty Images/Getty Images)
A The White House An executive told Realtor.com the chart is based on the median purchase price of newly constructed homes, with a 10% down payment and using the national median property rating from Freddie Mac.
Realtor.com’s analysis revealed similar findings, although it noted some differences that may arise in relation to tax rates were estimated.
The outlet found that existing home values showed a similar increase in mortgage payments under the bid, with annual payments increasing by about $14,600 over his term. Compare that to the savings on mortgage payments for existing homes under Trump’s second name that allowed savings of as little as $540 a year, or $45 a month.
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Excise duty rates have decreased recently but remain higher than before in 2021. (Stock)
At the time It’s Biden’s turnMortgage payments are increasing due to a combination of rising home prices and a jump in mortgage tax rates.
New home prices rose more than 20% from January 2021 to January 2025 to January 2025, while the average mortgage rate increased from 2.74% to 6.96.com found.
Existing home prices are on the rise, increasing by 48% from January 2021 to January 2025, with price growth slowing to an average of 2% this year.
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Existing home prices increased 48% from January 2021 to January 2025. (Loren Elliott/Bloomberg via Getty Images)
New home prices have been flat since late 2022, while Commodity prices have decreased about 6.2% in recent weeks.
“The President’s words are a long time, and their impact on the economy does not start and stop as they will change, but it is difficult to prove that the change of the Real Cleans,” said Realtor.com Chief Economist Danielle Hale.
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