Republicans Keen on Housing Market After Trump Win

The video discusses the shift in housing market sentiment following Donald Trump's election, with Republicans becoming optimistic and Democrats pessimistic. It explores regional differences, highlighting the 'bargain belt' and 'costly coast' dynamics. The role of job growth in the housing market is examined, particularly in regions that felt left behind. The video also addresses millennials' declining interest in homeownership and the potential impact of Ben Carson's nomination as HUD Secretary. Finally, it analyzes the implications of rising mortgage rates on the housing market.

How did Republicans' view of the housing market change after the 2016 election?

• They remained neutral.

• They became more optimistic.

• They became more pessimistic.

• They stopped caring about the housing market.

What is the 'bargain belt' in the context of the housing market?

• A region with affordable housing in the Southern and Midwestern markets.

• A term for urban housing markets.

• A coastal area with expensive homes.

• A region with high housing prices.

What was a surprising finding about millennials' view on homeownership?

• They all moved back with their parents.

• Their view on homeownership as part of the American dream declined.

• They started buying homes in large numbers.

• Their interest in homeownership increased.

What challenge do millennials face in achieving homeownership?

• Lack of interest in owning homes.

• High mobility and frequent relocations.

• Preference for renting over buying.

• Difficulty saving for a down payment and qualifying for a mortgage.

What role is Ben Carson expected to play as Secretary of HUD?

• Focus solely on luxury housing.

• Address the under supply of affordable housing.

• Simplify the housing market.

• Increase housing prices.

What is the expected trend for mortgage rates following the 2016 election?

• They are expected to drop to historic lows.

• They are expected to decrease significantly.

• They are expected to remain stable.

• They are expected to rise to between 4.5% and 5%.

In which markets could rising interest rates pose a challenge?

• Southern and Midwestern markets.

• Markets like San Jose, Honolulu, and New York.

• Rural areas.

• All markets equally.