Buying your first home is a huge life step, and figuring out where to buy can feel like solving a puzzle. If you're a first-time homebuyer looking towards 2026, the good news is that several markets across the country are showing real promise for affordability and a welcoming environment. Based on my research and insights, Rochester, New York, is set to be a standout city for first-time homebuyers in 2026, offering a fantastic blend of budget-friendly prices, good job opportunities, and a community that's eager for new residents.

10 Best Housing Markets for First-Time Homebuyers in 2026

Navigating the homebuying journey, especially for the first time, can be daunting. We're seeing a generation of potential buyers facing higher prices and mortgage rates than in years past. The National Association of Realtors® even reported that in 2025, the typical age of a first-time homebuyer rose to a record high of 40 years old, with only 21% of all homebuyers being new to ownership.

This really highlights how tough it's been. As someone who's followed the housing market closely, I understand the desire to find that perfect starter home without stretching your finances to the breaking point. It's not just about getting a roof over your head; it's about building wealth and setting yourself up for a stable future. Fortunately, some cities are proving to be havens for those just starting out.

What Makes a Market “Best” for New Buyers?

It’s not just about finding the cheapest house. When I look at what makes a city a great place for first-time buyers, I consider a few key ingredients. Realtor.com® economists, whose data I've referenced here, also weighed these factors heavily in their report.

• Affordability: This is the big one. It’s not just the sticker price of the home, but also how much of your income goes towards your monthly mortgage payment. A good rule of thumb is that your housing costs shouldn't be more than 30% of your monthly income.
• Availability of Homes: Even if prices are good, you need homes to actually buy! We're looking for markets with a healthy inventory, especially for starter homes like condos, townhouses, or smaller single-family houses.
• Economic Health: You need a place where you can find a good job and feel secure. Low unemployment rates and strong local economies are essential for long-term success.
• Amenities and Community: What's the quality of life like? This includes things like good schools, access to healthcare, and a vibrant social scene with shops and restaurants. Plus, having a community with other young people can make a big difference.
• Commute Times: Nobody wants to spend hours stuck in traffic. Shorter commute times mean more time for life outside of work.

The Realtor.com® report focused on cities within the 100 largest metropolitan areas that had at least 500 homes for sale over the past year. They scored these places on the factors I've mentioned, plus forecasted home sales and price growth for the coming year.

Rochester, NY: Leading the Pack in 2026

This year's top spot goes to Rochester, New York. It’s unseated the previous year's leader, Harrisburg, PA, and for good reason. Rochester offers a compelling package that’s hard to beat for new homeowners.

• Dreamy Prices: With a median listing price of just $139,900, Rochester is significantly more affordable than the national median of $415,000. This price point is roughly one-third of what homes are going for nationally.
• Income Meets Affordability: The ratio of home prices to local incomes is very favorable. A typical home in Rochester costs about 2.9 times the median salary for 25- to 34-year-olds. This means your paycheck can actually go further here.
• Quick Commutes: Residents enjoy an average commute time of just 21 minutes, which is fantastic for getting to work or enjoying your free time.
• Growth on the Horizon: Rochester is expected to see the strongest forecasted sales growth of 5.3% in 2026, indicating a healthy and active housing market.
• Local Support: For those who qualify, the city offers a Home Purchase Assistance Program that can provide up to $8,000 in closing cost help. This can be a game-changer for easing the upfront financial burden.

Jeff Scofield, a local broker at Re/Max Plus, confirms that affordability is the main draw. He mentions that many of his first-time buyers are medical residents, drawn by the strong healthcare sector. People love the four seasons, the access to lakes and outdoor activities, and the general ease of living without the intense traffic and high costs of larger cities.

Other Standout Destinations for New Homeowners

While Rochester shines, there are several other cities worth your attention. The good news is that many of these are clustered in the Eastern half of the country, with the West being notably absent from this year's top 10. This is likely due to higher home prices and slower inventory recovery in Western markets.

Let's take a closer look at some of the other shining stars according to the Realtor.com® report:

1. Harrisburg, PA: A Strong Runner-Up

Last year's champion, Harrisburg, is still a solid choice, landing at number two. With a median list price of $151,999, it offers excellent value.

2. Granite City, IL: The Most Affordable Gem

This Midwestern city is a budget buyer's dream. Granite City boasts the lowest home price on the entire list at just $119,000. It’s located near St. Louis, MO, but its median list price is nearly 60% lower than the larger metro area. A buyer earning the typical salary for this age group would only spend about 12.6% of their income on monthly mortgage payments here – the absolute lowest in the top 10! This makes it incredibly affordable with a price-to-income ratio of just 1.9.

3. Birmingham, AL: Southern Charm and Value

Coming in at number four, Birmingham offers a welcoming Southern atmosphere with a median home price of $148,950.

4. North Little Rock, AR: Economic Stability

This city, part of the Little Rock metro area, is number five. It stands out for having the lowest projected unemployment rate in the entire top 10 list at just 3.8%. The median list price here is $170,000.

5. Syracuse, NY: Investment Potential

Rochester's upstate neighbor, Syracuse, takes the sixth spot. It’s predicted to see the highest metro forecasted price growth at a healthy 12.4% in 2026, suggesting good long-term investment potential. The median list price is $169,900.

6. Baltimore, MD: East Coast Access

While many of these markets are further inland, Baltimore offers a more accessible East Coast option at number seven. Its median list price is $223,900, making it one of the pricier options on the list, but still very manageable compared to many coastal cities.

7. St. Louis Park, MN: Suburban Appeal

Located in the suburbs of Minneapolis, St. Louis Park is number eight. It has the highest median list price on the list at $375,000, but it’s still 10% lower than the Minneapolis metro average. What draws buyers here is the best of both worlds feel – close proximity to a major city's jobs and amenities, while still retaining a strong neighborhood vibe with parks, trails, and a community feel. The median income here is the highest in the ranking, but so is the price-to-income ratio at 3.8.

8. Pittsburgh, PA: A Resurgent City

Pittsburgh, known for its industrial roots, has transformed into a thriving hub with a median list price of $249,000. It offers a good mix of affordability and modern amenities.

9. Garfield Heights, OH: Affordable Midwest

Rounding out the list at number ten is Garfield Heights, OH, with an appealing median list price of $140,000.

A Table of Top Markets for First-Time Homebuyers in 2026

Here’s a quick snapshot of the top contenders, according to Realtor.com®:

Rank	City/Metro Area	State	Median List Price (2026 Estimate)	Key Strengths
1	Rochester	NY	$139,900	affordability, short commutes, job growth
2	Harrisburg	PA	$151,999	strong affordability, previous leader
3	Granite City	IL	$119,000	lowest home price, exceptional affordability
4	Birmingham	AL	$148,950	Southern charm, good value
5	North Little Rock	AR	$170,000	lowest unemployment rate
6	Syracuse	NY	$169,900	strong forecasted price growth
7	Baltimore	MD	$223,900	East Coast access, manageable prices
8	St. Louis Park	MN	$375,000	suburban appeal, mix of housing types, proximity to city
9	Pittsburgh	PA	$249,000	revitalized economy, good amenities
10	Garfield Heights	OH	$140,000	affordable Midwest option

My Take: What to Focus On

As you look at these markets, remember that the “best” for you depends on your personal priorities. If rock-bottom prices are your absolute top concern, Granite City, IL, is calling your name. If you want a good balance of affordability, jobs, and a friendly community with short commutes, Rochester, NY, is an excellent choice.

I often tell clients that it’s crucial to have a bit of wiggle room after closing. As Jeff Scofield wisely put it, “Murphy's law will dictate that something will go wrong.” This means not just saving for a down payment and closing costs, but also having funds for immediate repairs or unexpected furniture needs. Don't stretch yourself so thin that you can't enjoy being a homeowner.

The housing market is always a dynamic thing, but opportunities exist if you know where to look. By focusing on these promising markets identified by Realtor.com® and considering your own life goals, you can take confident steps towards achieving your dream of homeownership in 2026.

President Trump's recent proposal to bar large institutional investors from buying single-family homes aims to address the soaring cost of housing, a move he believes will put the American Dream back within reach for everyday families. While the intention is clear – to reduce competition against individual buyers and potentially lower prices – the path to making this a reality is fraught with significant legal and practical hurdles.

Housing Market Alert: Trump Proposes Ban on Large Institutional Investors Buying Homes

For so long, owning a piece of land, a literal stake in your community, was a cornerstone of progress for so many. It wasn't just about having a roof over your head; it was about building equity, creating stability, and passing something down. But lately, that dream feels increasingly distant for many, especially younger folks just starting out.

This is exactly the issue Trump is tapping into with this proposal. He’s essentially saying that homes shouldn’t be just another commodity for massive corporations to hoard, but places for people to live. It's a sentiment that resonates deeply with me and, I suspect, with many others concerned about the future of homeownership.

The Core Idea: Curbing Corporate Competition

The underlying principle here is simple: when large companies with deep pockets swoop in to buy up swathes of single-family homes, they outbid individual buyers. This drives up prices and makes it even harder for families to afford a down payment or a mortgage. Trump's proposal, if enacted, would aim to level the playing field by removing these big players from the market for single-family residences. The goal is to free up inventory and, in theory, cool down the rapid price appreciation we've seen across the country.

Market Reacts Swiftly: Share Prices Tumble

It's no surprise that this announcement sent shockwaves through the investment community. Almost immediately after Trump's statement, shares of major companies heavily involved in single-family rentals, such as Blackstone, Invitation Homes, and American Homes 4 Rent, saw sharp declines. This reaction highlights how significant an impact such a policy could have on their business models and, by extension, the broader investment strategy in the housing sector.

Defining “Large” and Understanding the Scale

One of the immediate questions that arises is: what truly qualifies as a “large” institutional investor? The proposal, as it stands, leaves this definition a bit fuzzy. Generally, some definitions consider investors owning over 1,000 single-family homes as falling into this category. However, the exact threshold will be crucial for any eventual legislation.

Furthermore, it's important to get some perspective on the current reality. While institutional investors have been acquiring single-family homes, their overall ownership is still a relatively small fraction of the total. Experts estimate they own somewhere between 0.5% to 4% of all single-family rental homes nationwide. This means that while their impact in specific local markets can be significant, they don't yet dominate the entire national single-family home market. This is a critical piece of data that needs to be considered when evaluating the potential broad impact of a ban.

The Steep Climb Ahead: Legal and Legislative Challenges

Now, let's get real. For any presidential proposal to become law, it has to navigate a complex legislative process and, crucially, withstand legal scrutiny. This isn't just a simple decree; it's a proposal that will likely face immediate and significant challenges.

Constitutional Property Rights and “Takings”

This is where the proposal might hit its biggest roadblocks. From a legal standpoint, there are serious concerns about whether this kind of ban violates fundamental property rights enshrined in the U.S. Constitution.

• Takings Clause (Fifth Amendment): This clause prevents the government from taking private property for public use without just compensation. Opponents could argue that banning a specific class of buyers effectively severely restricts a property owner's right to sell to the highest bidder. This could be seen as a “regulatory taking” – where government regulation diminishes the value of private property, and that diminished value might require compensation.
• Due Process and Equal Protection: Corporations, like individuals, are protected by the Fourteenth Amendment's Equal Protection Clause. If a ban singles out institutional investors without a compelling justification, they might argue they are being unfairly treated compared to individual buyers.
• Right to Transfer Property: A core aspect of owning property is the ability to sell it. A ban that prevents certain entities from buying directly infringes upon this fundamental right.

Federal vs. State Authority and the Commerce Clause

Another major hurdle is the division of power between the federal government and state governments.

• State-Level Authority: Traditionally, real estate law and property transactions are regulated at the state level. A federal ban on local property sales could be seen as an overreach by the federal government into areas traditionally managed by states.
• Commerce Clause Limitations: The federal government has broad powers under the Commerce Clause to regulate interstate economic activity. However, a ban on local home sales might be considered too far removed from interstate commerce to be a valid exercise of this power. Courts would likely scrutinize whether such a ban has a substantial effect on interstate commerce or if it's an attempt to regulate purely local matters.

Legislative and Executive Overreach

The president's power to enact such a ban unilaterally is also in question.

• Congressional Action is Likely Necessary: Experts widely believe that the President likely lacks the unilateral authority to impose such a ban via Executive Order. For this to have a chance of standing, Congress would need to pass a law. This means it would have to go through the full legislative process, requiring bipartisan support.
• Defining “Large”: The Non-Delegation Doctrine: If Congress does pass a law, it can't just broadly delegate the power to define “institutional investor” to the executive branch. The law would need to provide clear guidelines and “intelligible principles” to define what “large” means – for instance, the threshold of 1,000 homes you mentioned. This prevents vague laws that could lead to arbitrary enforcement.

Practical Enforcement: The Workaround Problem

Even if all these legal and legislative hurdles are cleared, practical enforcement remains a significant challenge.

• Corporate Evasion: Sophisticated investors can easily find ways to circumvent ownership caps. They can use multiple Limited Liability Companies (LLCs), trusts, or other complex corporate structures. This makes it incredibly difficult to track and enforce a ban based on direct ownership. The ban might end up being a legalistic maze rather than a genuine barrier.
• Ambiguity in Definitions: Beyond the number of homes, there are other definitions to consider. Does the ban apply to homes already owned and being rented out, or also to new developments specifically built for rental purposes (“build-to-rent” developments)? This ambiguity creates significant legal uncertainty and potential loopholes.

My Take: A Noble Goal, a Difficult Journey

From my perspective, the intent behind Trump's proposal is admirable. The idea of making homeownership more accessible is something we should all strive for. The current housing market, with its rapid price hikes and competition from large entities, is indeed pushing the American Dream further out of reach for many. I see the frustration firsthand when talking to young families looking for their first home, only to be outbid by an investment firm.

However, the execution of such a policy is incredibly complex. The legal challenges are substantial, and the potential for corporations to find workarounds is very real. It’s also worth questioning how much of a dent it would make nationally, given the current ownership percentages.

Ultimately, this proposal highlights a critical conversation we need to have about housing affordability and the role of investors in our communities. While a ban on large institutional investors might be a bold stroke, it's unlikely to be a silver bullet. We might see more nuanced regulations emerge, or perhaps a focus on other avenues for increasing housing supply and accessibility.

It’s a fascinating move, and I'll be watching closely to see if it gains traction, faces insurmountable legal battles, or sparks a broader reform of how we approach housing investment in this country.

President Trump’s 2026 housing reforms aim to boost affordability by lowering mortgage rates, cutting red tape on new construction, and possibly introducing new loan types, though the full impact depends on legislative action and economic conditions.

The dream of owning a home feels like it's slipping through the fingers of many Americans. It’s like trying to catch smoke – the harder you grasp, the less you have. For years, we’ve watched home prices climb higher and higher, while our paychecks seem to be stuck in slow motion. This isn't just tough; it's downright frustrating, especially for young families just starting out and for those who have worked hard their whole lives for a piece of the American dream.

What Trump’s Proposed Housing Reforms Could Mean for Affordability in 2026

In late 2025, the average home costs around $417,000. That’s about five times the median household income of $83,000. Think about that for a second – you'd need to make close to $80,000 a year just to have a decent shot at affording a median-priced home. And it's not just the sticker price; adding in the cost of borrowing that money, our monthly mortgage payments have jumped up by about 50% since 2020. It's no wonder that fewer people, especially first-time buyers, can get their foot in the door. The numbers are stark: only about 26% of people are buying their first home, a big drop from before 2008.

It's within this challenging environment that President Trump has laid out plans for 2026, promising “some of the most aggressive housing reform plans in American history.” He sees this as a direct way to bring down the cost of housing and make homeownership attainable again. Based on what’s been said and the initial actions taken, these reforms appear to be a mix of trying to make borrowing cheaper and trying to build more homes faster.

The Roots of the Crisis: A Long Time Coming

To truly understand what Trump’s reforms might do, we need to look at why we got here in the first place. It wasn't an overnight problem. For years, we haven't been building enough homes to keep up with how many people want them. Think of it like a restaurant: if there are more people wanting to eat than there are tables, prices go up. That’s exactly what’s happened with housing.

The issues are many-layered:

• Supply Shortage: For years, builders haven't been constructing enough new homes. We're facing a shortage of about 2 to 4 million homes nationwide.
• Strict Rules (Zoning): Many places have strict rules about what you can build where. Often, it’s only single-family homes allowed, which makes it hard to build apartments or townhouses that could house more people more affordably. Studies suggest that over 75% of land in the U.S. is zoned for just single-family homes.
• Rising Costs: The cost of building materials, like lumber and steel, has gone up. Plus, there's a shortage of construction workers, pushing labor costs higher.
• Interest Rates: When interest rates for mortgages are low, more people can afford to buy. When they are high, like they have been sometimes, buying becomes much more expensive. The 30-year mortgage rate, which was under 3% not too long ago, has hovered over 6% lately.

The data paints a clear picture of this growing gap.

Year	Median Home Price	Median Household Income	Price-to-Income Ratio	Notes
2020	$329,000	$68,400	4.8	Low rates fueled a surge; affordability peaked.
2021	$380,000 (est.)	$70,800	5.4	Prices jumped 15%; inventory dropped 50%.
2022	$410,000 (est.)	$74,600	5.5	Rates rose to 5.3%; buyers started to pull back.
2023	$417,700	$77,300	5.4	Peak rates at 8%; sales hit 1995 lows.
2024	$419,200	$80,610	5.2	Modest price growth; incomes caught up slightly.
2025	$416,900	$83,150	5.0	Rates eased to 6.7%; ratio stabilized but remained high.

Table: U.S. Median Home Prices vs. Household Incomes (2020-2025). Data based on various sources, including Visual Capitalist and Census Bureau.

As you can see, while incomes have grown, home prices have grown faster. This means that even with slightly better incomes in 2025, the dream of homeownership is still a tough climb for many.

Unpacking the Proposed 2026 Reforms: What’s the Plan?

President Trump has spoken about a two-pronged approach. First, he wants to make borrowing money for a house cheaper. Second, he wants to make it easier and faster to build new homes.

Here’s a breakdown of what his administration is proposing:

1. Making Mortgages More Affordable:

• Lower Interest Rates: A big part of the plan involves pushing for lower interest rates. Trump has indicated he’ll nominate someone to lead the Federal Reserve who favors “lower interest rates by a LOT.” If 30-year mortgage rates could drop below 6% (they’ve been around 6.21% recently), it could save homeowners over $3,000 a year on a $400,000 loan. Some experts think rates could even go lower, potentially saving buyers even more.
• Innovative Mortgage Ideas:
  • 50-Year Loans: This idea, floated before, would extend the time you have to pay back your mortgage. While it means a lower monthly payment, it also means you'll pay more in total interest over the life of the loan. Supporters say it makes homes accessible; critics worry about people being in debt longer.
  • “Portable” Mortgages: Imagine you have a great low interest rate on your current home. If you move, this might let you take that same low rate with you to a new home. This could encourage people with low-rate mortgages to sell, freeing up more homes for buyers. It’s estimated this could add around 500,000 new listings each year.
• Government-Sponsored Enterprises (GSEs) Reform: This refers to big companies like Fannie Mae and Freddie Mac that help make mortgages available. The plan might involve making it easier for them to lend money, possibly by lowering credit score requirements or offering more support for building new homes.

2. Boosting the Supply of Homes:

• Deregulation and Cutting Red Tape: This is a major focus. The Housing for the 21st Century Act, a bipartisan bill, is a key piece. It aims to:
  • Streamline Zoning: Encourage local areas to change their zoning laws to allow for more types of housing, like duplexes or apartment buildings, in areas traditionally reserved for single-family homes. This could make it much easier to build denser housing.
  • Pre-Approved Designs: Create a list of approved home designs that builders can use, cutting down the time it takes to get permits. This could shave off 30% to 50% of the time needed for approvals.
  • Faster Environmental Reviews: Speed up the process for reviewing the environmental impact of housing projects.
• Opening Up Federal Land: The plan includes making about 1.5 million acres of federal land available for residential development. This is a significant amount of land that could potentially be used to build thousands of new homes.
• Reforming Grants: Changing how federal grants are given out to encourage new home construction.
• Tariff Rebates and Incentives: Trump has also talked about offering rebates on tariffs for building materials and even tax deductions for auto loan interest if tied to home purchases. This is a bit of a complex mix of his “America First” trade policies with housing goals.

Potential Upsides: The Promise of Relief

If these reforms work as intended, the impact could be significant.

• More Homes, Lower Prices: The biggest hope is that by making it easier and faster to build, we'll see a lot more homes on the market. Housing industry groups predict that zoning reforms alone could lead to 300,000 to 500,000 more homes being built each year. More supply generally leads to more stable or even lower prices.
• Easier to Buy: Lower interest rates mean lower monthly payments. For a family looking to buy a $400,000 house at a 6% interest rate, a drop to 5% could save them hundreds of dollars a month. This could unlock homeownership for hundreds of thousands of first-time buyers who are currently priced out.
• Job Creation: A surge in construction activity is expected to create jobs. The National Association of Home Builders (NAHB) estimates that increased building could create around 1.5 million new jobs.
• Economic Boost: More construction means more spending on materials, more jobs, and more people buying homes, which can give the whole economy a lift.
• Addressing Inequality: For communities that have historically been shut out of homeownership, especially Black and Hispanic communities where ownership rates are lower, these reforms could offer a much-needed chance to build wealth.

Risks and Criticisms: The Other Side of the Coin

However, not everyone is convinced. There are serious concerns and potential downsides to consider.

• Conflicting Policies: One of the biggest criticisms is that some proposed policies might actually work against the goal of affordability. For instance, Trump's stance on tariffs on goods like lumber and steel could increase the cost of building materials. Some estimates suggest this could add as much as $17,500 to the cost of a new home, potentially canceling out any savings from deregulation and actually reducing the number of homes built.
• Budget Cuts Impact: Proposed budget cuts for the Department of Housing and Urban Development (HUD) are a major worry for many. If programs that help vulnerable people get housing are cut, it could increase homelessness. Reports suggest that proposed cuts could affect hundreds of thousands of people who rely on these programs. This seems to contradict the goal of improving housing for everyone.
• Long-Term Debt: While 50-year mortgages might lower monthly payments, they mean people will be paying off their homes for a much longer time, potentially paying much more in interest over the years. This could lead to people being burdened with debt for longer.
• Environmental Concerns: The push to speed up building by reducing environmental reviews worries some groups. They argue that necessary safeguards to protect our environment and ensure homes are built resiliently (e.g., against climate change) might be overlooked.
• Uncertainty of Implementation: Many of these reforms, especially those involving legislative action like the Housing for the 21st Century Act, will need approval from Congress. Even with a Republican majority, getting a bipartisan bill through can be a long and difficult road. The nomination of a Federal Reserve chair is also a key factor; if that doesn't happen as planned or the new chair doesn't act as expected, the interest rate cuts might not materialize.

My Thoughts on the Matter

From where I stand, observing the housing market for a while now, I see the urgency. The affordability crisis is real and deeply impacts families’ dreams and financial well-being. President Trump’s focus on aggressive reform is a necessary response to the scale of the problem.

I believe the supply-side deregulation aspect of his plan holds the most promise. When you make it easier and cheaper to build, you directly address the fundamental imbalance in the market. Streamlining zoning and permitting processes, and perhaps even making federal land available, could genuinely unlock thousands of new homes. This is where I see the potential for real, tangible relief.

On the other hand, I’m wary of policies that seem to contradict this goal. Tariffs on building materials, for example, strike me as counterproductive. It’s like trying to fill a leaky bucket by plugging one hole while leaving several others wide open. For these reforms to truly succeed, there needs to be a careful balance. We can't afford to increase building costs while trying to lower them for buyers.

The innovation in mortgage products, like portable mortgages, is intriguing. It addresses a specific market friction—people being “locked” into low rates. If implemented smartly, this could indeed help unfreeze the market and bring more supply.

However, the proposed cuts to housing assistance programs are deeply concerning. Housing is a basic need, and as a society, we have a responsibility to help those most vulnerable. Balancing aggressive deregulation with continued support for low-income families and those facing homelessness will be critical. This isn't just about building more homes; it's about ensuring everyone has a safe and affordable place to live.

The effectiveness of these reforms will ultimately depend on how well these different pieces fit together and whether they can pass the necessary legislative hurdles. It’s a bold agenda, and the outcome will likely be a mix of positive advancements and challenging setbacks.

Looking Ahead: The Road to Affordable Housing

The coming year marks a critical juncture for the U.S. housing market. President Trump's 2026 housing reforms represent a significant effort to confront a deeply entrenched affordability crisis. The proposals, focusing on both making financing cheaper and building more homes faster, have the potential to reshape the housing landscape.

The success of these reforms will hinge on several factors:

• Congressional Approval: Key legislative components, like the Housing for the 21st Century Act, need to be passed by Congress.
• Economic Conditions: The broader economy, including inflation and job growth, will play a huge role.
• Federal Reserve Actions: The independence and decisions of the Federal Reserve regarding interest rates will be crucial.
• Balance of Policies: Whether the administration can navigate the trade-offs, particularly between deregulation and potential cost increases from tariffs, will be key.

The pursuit of affordable housing is a complex, ongoing challenge. While these reforms offer a potential pathway forward, they also come with significant questions and potential risks that need careful consideration. For many Americans hoping to own a home, the next two years will be crucial to watch.