Real Estate After the 2024 Election: What Trump’s Win Means for Buyers and Sellers

With the 2024 election now decided and former President Trump returning to office, buyers and sellers in the real estate market are understandably curious about what this means for their next steps. Trump’s previous term provides insight into the kinds of policies we might expect, many of which could directly influence the housing market in the months and years to come. Here’s what buyers and sellers in Central Texas, and beyond can anticipate.

1. Home Sales: A Boost in Consumer Confidence Historically, Trump’s policies favored economic growth, deregulation, and tax incentives—conditions that often boost consumer confidence. With this in mind, we could see home sales pick up as buyers feel encouraged to make long-term investments. According to HUD and NAR data, home sales have often rebounded quickly following an election, and with policies focused on economic growth, this effect could be more pronounced.

2. Home Prices: Potential for Steady Growth One of the hallmarks of Trump’s first term was a strong real estate market, partly due to tax policies and economic measures aimed at growth. Home prices may see continued strength or even gradual increases as confidence and demand grow. As housing analyst Ryan Lundquist notes, “An election year doesn’t alter the price trend that is already happening in the market,” meaning current trends are likely to stay on course or even rise with renewed market-friendly policies.

3. Mortgage Rates: Stabilization or Easing Ahead Trump’s previous term maintained relatively low mortgage rates, partly due to policies that stimulated the economy. If similar policies return, we could see mortgage rates stabilize or slightly decrease—a potential win for buyers looking for improved affordability. Lower rates mean buyers can afford more home for the same monthly budget, expanding opportunities across various price points.

How I Can Help You Leverage This Market With Trump’s win, the 2024 market is shaping up to offer unique opportunities, especially for those looking to buy while conditions are favorable. As an experienced San Antonio realtor, I’m here to help you navigate this shifting landscape. From accessing buyer assistance programs and grants to securing favorable financing, I’ll work to ensure you’re positioned to make the most of the market in the months to come.

Get in touch today to discuss your homeownership goals and build a strategy tailored to this market. Now’s the time to take advantage of favorable conditions and make your next real estate move with confidence.