On The Market Buyers Return as Lower Rates Hold, Trump Trades Federal Land for BIG Housing Bet
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Mar 24, 2025 Lower mortgage rates are luring buyers back to the housing market, but a significant undersupply persists. Trump’s intriguing plan involves transforming federal lands into 'freedom cities' to boost housing inventory. Meanwhile, concerns arise about the future of low-cost real estate service models, especially after Redfin's acquisition by Rocket Companies. The discussion also touches on market fluctuations and the untapped opportunities in second homes and premium properties amidst economic uncertainty.
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Federal Land Development
- President Trump plans to address housing shortages by developing federal land.
- This involves a task force to identify suitable land and partner with developers.
Affordable Housing Incentives
- Incentivizing builders with profits, free land, or tax benefits is crucial for affordable housing development.
- Collaboration between federal, local governments, and investors is essential.
Bay Area Land Development Challenges
- Kathy Fecky questions the practicality of developing federal land for housing, citing the example of undeveloped land near San Francisco.
- She highlights the need for infrastructure and amenities to attract residents.