2 days ago
Trump Vows To ‘Rapidly Defeat Inflation' To Help ‘Millions and Millions' of Americans Achieve Their ‘Dream of Homeownership'
President Donald Trump has boldly promised to 'rapidly bring down inflation' to make homeownership more accessible to millions of Americans while addressing the National Association of Realtors® Legislative Meetings 2025 in a pre-recorded speech.
Speaking to industry leaders, the pre-recorded video aired at the Washington, DC, event, the president said he believes that reducing inflation will in turn help to bring down interest rates, a move that will put homeownership 'within the reach of millions and millions for the first time in years.'
'I love people that are in the real estate business,' Trump began. 'I have a little bit of a proclivity for it. You play a vital role in helping Americans achieve the dream of homeownership, and together, we will make the American dream more attainable than ever before.
'We are working to rapidly defeat inflation, which will bring down interest rates and put homeownership within the reach of millions of millions for the first time in years.'
April's inflation rate—2.3%—is 'much lower than expected,' Trump noted. 'Likewise, income soared by 0.8% in one month, almost triple expectations and close to record territory. Mortgage rates are down, we're slashing unnecessary regulations, and we are working to pass the largest tax cuts and reforms in American history.'
April's inflation rate is the lowest since February 2021, but it's not expected to motivate the Federal Reserve to lower interest rates. The Fed will be meeting mid-June and will announce any decision on rates when it wraps up its two days of meetings.
Meanwhile, Trump has repeatedly slammed Jerome Powell for not taking further action—despite the Fed chair claiming that longer-term rates will likely remain higher because of the risk of 'volatile' inflation.
Homebuying help is at hand
Affordability has been a major challenge for potential buyers despite home listing inventory seeing gains in regions like the West (+40.7% year over year) and the South (+32.9% YoY), according to the May 2025 Monthly Housing Report.
Mortgage rates continue to hover near the 7% mark—which is leading potential buyers to take their time committing to a home.
New listings also inched up last week—up 4.2% compared with the same time last year.
Homeowners looking to build a new home are also faced with challenges, as Trump's 50% tariffs on steel and aluminum took effect on June 5.
'Higher tariffs on steel and aluminum are likely to raise the cost of key construction materials, and these added costs could be passed through to homebuyers through higher home prices,' says Hannah Jones, senior economic research analyst at
Following this latest tariff hike by Trump last week, the National Association of Home Builders continued to express concern over the toll the increased costs will have on homebuilders—and the wider housing market.
'President Trump's move to double steel and aluminum tariffs will have a negative impact on housing affordability by further disrupting building material supply chains and fueling business uncertainty,' NAHB Chairman Buddy Hughes told
But Trump, in his pre-recorded speech to the NAR, thanked industry leaders for their support of the 'big, beautiful bill,' which is currently sitting with the Senate for review.
'I want to thank the Realtors® for your support of the one big, beautiful bill, the most important piece of legislation in many years,' said Trump. 'This landmark legislation, in fact, will preserve the small-business tax deductions and so many want and need, [that] so many real estate agents are just demanding.
'It will stop trillions of dollars in tax hikes on American families and put more money in the pockets of homebuyers by raising take-home pay for the typical family by an estimated $13,000. Think of that, $13,000 with your help, a record number of Americans will achieve financial independence and find a home that really fits their dreams and aspirations, something very, very beautiful.'
The tax and spending package is expected to cut trillions from the budget, but the Congressional Budget Office said it's going to add trillions to the national debt.
The president is pushing the Senate to approve the bill and get it to his desk to sign by July 4.
Ties with leaders at every level
A president's remarks at the NAR meetings has been a tradition since 1921. For example, NAR has invited every sitting president to its yearly conference. The first time Trump was in office, he delivered a live speech to attendees in 2019.
Herbert Hoover, Ronald Reagan, Bill Clinton, and George W. Bush are among the past presidents to speak at the conference. NAR said it does not pay a fee for a president to speak.
