US EditionTrump Pushes for Lower Rates and Ban on Investor Home Purchases in Bid to Make Homes More Affordable
Trump aims to lower mortgage rates by purchasing $200 billion in debt and banning large investors from buying homes to increase affordability, though benefits may favor wealthier households.
- On Wednesday, President Donald Trump will use a key Davos address to pitch housing affordability at the World Economic Forum, Davos, Switzerland, proposing buying $200 billion in mortgage debt amid $4.4 million ski chalets.
- Facing weak polls, the White House has shifted Trump's focus to affordability as control of Congress is at stake; only 16% say he has helped 'a lot', while about six in 10 U.S. adults say he has hurt the cost of living.
- Last month, Trump showcased ties to wealthy backers and appointed billionaires like Commerce Secretary Howard Lutnick, emphasizing billionaire support at Davos.
- Structural challenges include a multi-year shortfall in home construction and rising home prices vs wages, while the Federal Reserve reports the top 0.1% increased wealth from $11.98 trillion to $23.46 trillion and the bottom 50% gained $2.94 trillion.
90 Articles
90 Articles
Associated Press News
Trump pushes for lower rates and ban on investor home purchases in bid to make homes more affordable
President Donald Trump’s plans for bringing homeownership within reach of more Americans involve pushing for lower interest rates on home loans and credit cards, and banning large institutional investors from buying single-family homes.
Trump lays out his plans to make housing cheaper in Davos speech
President Donald Trump briefly mentioned his housing policies in his speech at Davos.Mandel NGAN / AFP via Getty ImagesPresident Donald Trump addressed high housing costs and interest rates in his Davos speech.Trump said the goal of homeownership has fallen out of reach for millions of people under Biden.Trump didn't share new details on his housing plans, including using a 401(k) for a down payment.After making his case to acquire Greenland, Pr…
Trump plans speech on housing affordability
WASHINGTON — President Donald Trump plans to use a key address Wednesday to try to convince Americans he can make housing more affordable, but he's picked a strange backdrop for the speech: a Swiss mountain town where ski chalets for…
The Billings Gazette
News & RecordTrump plans Davos speech on housing affordability
WASHINGTON — President Donald Trump plans to use a key address Wednesday to try to convince Americans he can make housing more affordable, but he's picked a strange backdrop for the speech: a Swiss mountain town where ski chalets for…
Surrounded by billionaires, Trump to lay out how to make housing more affordable
President Trump plans to use a key address Wednesday to try to convince Americans he can make housing more affordable, but he’s picked a strange backdrop for the speech: a Swiss mountain town where ski chalets for vacations cost a cool $4.4 million. On the anniversary of his inauguration, Trump is flying to the World Economic Forum in Davos — an annual gathering of the global elite — where he may see many of the billionaires he has surrounded hi…
President Trump marks one year in office of his second term
President Donald Trump plans to use a key address Wednesday to try to convince Americans he can make housing more affordable, but he’s picked a strange backdrop for the speech: a Swiss mountain town where ski chalets for vacations cost a cool $4.4 million. On the anniversary of his inauguration, Trump is flying to the World Economic Forum in Davos — an annual gathering of the global elite — where he may see many of the billionaires he has surrou…
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