Trump To Declare Housing Emergency?

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about if we are in a housing emergency. Todays article is from Newsweek: "Trump may declare national housing emergency -- but what is it?" We want to answer that question. First, Trump loves declaring a national emergency because it gives him executive powers, instead of going through congress. Second, the housing problem is that we are 4.7 million homes short of demand. Where are those housing going to be built? Further out of town in less desirable areas is not always the solution. They will likely have to pressure states to ease regulations to get more homes built.We are in a housing shortage, but at the same time there is a glut of new homes sitting on the market. This is mainly due to homes listed at too high prices. Cost of housing has far surpassed income growth. Honestly, we aren't sure how the government can solve this problem. We need lower interest rates for sure, and could there be a correction to the appreciation the last few years by pricing dropping? Listen in as we discuss this and more!Grow Your Business: https://join.nflp.com/______Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.See more at TodayInMortgages.comWant to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here. Learn more about Network Funding on our parent site. Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.