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Donald Trump has just won the 2024 presidential election. What does this mean for the housing market and the economy? What can we expect from the Trump administration over the next four years? We’re touching on three of the biggest proposals from President-Elect Trump: tariffs, tax cuts, and interest rates. Each of these could have profound effects on the American consumer, renters, and homebuyers.
Months before election day, we asked economist Joel Naroff his take on each candidate’s proposals and how they’ll likely affect the economy. Dave will give a deeper explanation of Joel’s insights in this video and explain the possible changes Trump intends to make during his presidential term.
00:00 Trump Wins
01:29 1. Tariffs
02:16 Will This Raise Prices?
03:39 Price Out Foreign Manufacturers?
04:28 2. Tax Cuts
05:36 Will This Change Housing Demand?
06:28 Low Corporate Taxes, No Tax on Tips
06:57 3. Interest Rates
07:37 What Happens Next?
