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(White House Press Release, January 14, 2026)
As President Donald J. Trump advances bold action to address the housing challenges facing American families following years of rising costs under Biden, new data shows encouraging signs of improvement. With mortgage rates trending lower, home sales gaining momentum, and income growth supporting buyers, there is clear momentum as President Trump works to restore the American Dream of homeownership for all Americans.
- Home sales are rebounding. Existing home sales in December rose sharply to its strongest pace in three years — led by robust gains in the nation’s biggest home-selling region — as income growth outpaces home price gains.
- Affordability is improving. The First American Real House Price Index reflects ongoing gains in housing affordability, with recent months showing the longest stretch of annual improvement in years. Meanwhile, the National Association of Realtors’ Housing Affordability Index — measuring the typical family’s ability to qualify for a mortgage — has risen to its highest level in nearly three years as median family incomes climb and rates ease.
- Borrowing costs continue to fall. The average 30-year fixed mortgage rate has dipped to multi-year lows, driving monthly housing payments to their most affordable levels in over two years and providing critical relief for prospective buyers.
- More relief is coming. President Trump has undertaken an aggressive agenda to tackle housing challenges head-on — including directing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage-backed securities to further drive down borrowing costs and taking action to ban large institutional investors acquiring single-family homes, ensuring more inventory remains available for everyday American families.
The Trump Administration remains committed to cutting red tape, boosting supply, and delivering lasting affordability so every American can achieve the dream of homeownership.
