Federal vs. State Policies: Who’s Driving the U.S. Housing Market in 2024?
A market shaped by overlapping forces that dont always move in sync. With a new Trump administration incoming in 2025, the balance of power could shift again. This jump had a dramatic effect on home-buying affordability. Shutterstock Such a surge in financing costs priced many families out of the market. Research indicates these changes had a measurable impact on home values in high-tax, high-cost states. This is a clear example of a federal tax policy directly tempering housing prices in certain states....