The Housing Market Needs President Trump’s Solutions

Spring is traditionally a season of new beginnings: blooming flowers, buzzing bees, and… home purchases. Warmer weather typically marks the start of peak homebuying season, when increased inventory and renewed demand help families take the next step toward achieving the American Dream.

This year, however, spring has been a different story. Despite a recent increase in homes hitting the market, high mortgage rates and inflation continue to put homeownership out of reach for many Americans. A new poll commissioned by my organization, the Bull Moose Project, found that 60 percent of Americans are dissatisfied with the current state of housing affordability. They have good reasons for viewing things so dismally. Rather than rebounding this spring, the market has slowed, with existing home sales falling 3.6 percent in March alone. Sellers are now widely outnumbering buyers, and more than half of current listings are considered “stale,” remaining on the market for over 60 days.

Meanwhile, the profile of the average American homebuyer is undergoing a troubling generational shift. Seventy-eight percent of Americans still consider homeownership part of the American Dream, but more than half are pessimistic that they will ever be able to afford it. First-time homebuyers now make up just 21 percent of the market, while the median age of a first-time buyer has climbed to an all-time high of 40 years old.

Read more at Townhall.