Is THIS The Time To (FINALLY) Buy A House?

"And then the third part to supply, which is building new homes. And this one is interesting because new economic policies and government policies could change this. But we haven't seen a huge influx of building until just recently because a lot of builders were not sure about what's going to happen with mortgage rates or the economy. And now that Trump is entering the White House, we have a whole new economic plan on how to stimulate the housing market."

"Number one, economists are saying that Trump's economic plan to remove millions of illegal immigrants will hurt the building process. Why? Because you have a lot of undocumented or illegal immigrants that are working to build houses. So, if construction companies lose those workers, it could take longer to potentially build homes."

"Then number two, Trump has also promised to remove some red tape and regulations to make it easier for builders to go out and build new homes, build new properties, and have more land to potentially build these properties to hopefully increase the supply of homes."

"And then the third part to Trump's plan here is he also has been promising lower mortgage rates. Now, Trump can't set mortgage rates directly. The Federal Reserve Bank sets the Federal Funds rate. The bank sets the actual mortgage rate. So, we'll see what ends up happening with mortgage rate where Trump has been promising lower mortgage rate, which could make it easier or more favorable for somebody who owns a home to sell because they don't have to go up to a 7% mortgage."