How a Trump or Biden win will transform housing
In today’s Daily Download episode, HousingWire’s digital team interviews HousingWire Reporter Tim Glaze and Magazine Editor Kelsey Ramirez on their respective articles that discuss how the 2020 presidential election will affect the U.S. housing industry.
The reporters examine the likely impact President Donald Trump or Former Vice President Joe Biden could have on the U.S. housing ecosystem if elected president.
During the interview, Glaze addresses how Biden’s proposed $15,000 tax credit could help financially strained first-time homebuyers, while Ramirez examines how homebuilding, housing regulation, and the fate of the GSEs will be impacted if Trump were to win a second term.
According to Ramirez, a Trump presidency would mean a continued effort toward moving the GSEs out of conservatorship.
“When Trump first came to office four years ago, he issued a declaration that he wanted the GSEs out of conservatorship and he wanted it to happen now,” Ramirez said. “He appointed FHFA director Mark Calabria, who has worked to make that happen and he’s consistently said that by the time he ends his term, he wants the GSEs either out of conservatorship or well on their way out.”
Under a Trump win, Ramirez says housing regulation would continue to be a scaled-back approach.
The Daily Download examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.
HousingWire articles covered in this episode: