The White House says new signs point to improving housing affordability as President Donald Trump pushes an aggressive agenda to lower costs for buyers.
In a statement released Tuesday, the Trump administration pointed to falling mortgage rates, rising home sales, and income growth as indicators that housing conditions have started to ease after years of rising prices.
According to the White House, existing home sales climbed in December to their strongest pace in three years. Officials said income growth has begun to outpace home price gains, helping drive the rebound.
The administration also cited improvements in national affordability measures. The First American Real House Price Index shows what the White House described as the longest stretch of annual affordability gains in years. The National Association of Realtors’ Housing Affordability Index has reached its highest level in nearly three years, driven by higher incomes and easing rates.
Mortgage rates continue to fall, the White House said. The average 30-year fixed rate has dropped to multi-year lows, reducing monthly payments to their most affordable levels in more than two years.
The administration says additional relief is on the way. Trump has directed Fannie Mae and Freddie Mac to purchase $200 billion in mortgage-backed securities to push borrowing costs lower. The White House also highlighted efforts to ban large institutional investors from buying single-family homes, a move aimed at keeping more homes available for individual buyers.
The Trump administration says it will continue cutting red tape, increasing housing supply, and focusing on long-term affordability as part of its broader housing strategy.
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