Trump’s administration has promised to slash mortgage rates and home prices by instituting mass deportations of undocumented immigrants and easing federal regulations around building and land use. But economists and housing market experts say sweeping changes are hardly so simple.

Higher interest rates add to problems with affordability that have hammered the housing market for the last two years. Prices have continued to climb despite slower sales volume, posting 17

The incoming Trump administration faces a housing market starkly different from his first term, marked by soaring mortgage rates, limited affordability, and an economic strain for millions of Americans.