HousingWire Daily
Logan Mohtashami on Trump’s call for lower interest rates
Jan 24, 2025
Logan Mohtashami, a lead analyst specializing in economic policies and the housing market, joins the discussion. The conversation centers on Trump's push for lower interest rates and its effects on the Fed. They dive into the complexities of political influence on economic policies, exploring how tariffs impact the economy. Mohtashami also addresses deflationary trends in rental markets, highlighting unexpected data amidst inflation fears, and discusses rising rental prices of single-family homes, influenced by migration and income disparities.
30:23
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Quick takeaways
- Trump's demand for lower interest rates aims to stimulate the economy amid concerns over higher unemployment and low home sales due to current mortgage rates.
- The new rent index reveals notable deflationary trends in rental prices, indicating a supply-demand mismatch impacting the multifamily apartment market.
Deep dives
Trump's Call for Lower Interest Rates
Trump's recent demand for lower interest rates is aimed at stimulating the economy and countering the strength of the U.S. dollar. A stronger dollar typically leads to higher bond yields, which can have adverse effects on the economy, particularly in the housing sector. As manufacturing jobs have already been lost, Trump is concerned that elevated interest rates could further impact residential construction, leading to higher unemployment rates. The current mortgage rates hovering around 6% hinder home sales, which remain at historically low levels, thereby posing challenges for the economy under a potential new Trump administration.
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