President Trump’s push to make home ownership more affordable is faltering as new policies struggle to gain traction. Despite promises of reform, housing costs have risen as Trump wavers on bringing them down to avoid hurting existing homeowners. Polls show a majority of Americans feel he isn’t doing enough to lower everyday expenses.

Home prices have increased by over 50% since the pandemic, with rents rising by about 35%. The median age of first-time home buyers has hit a record 40 years old. Trump’s failure to promote affordability proposals has left voters feeling he’s not addressing their cost-of-living concerns adequately.

Trump’s recent appearances have failed to highlight affordability proposals, leaving his plans unclear. Even his administration’s ideas, like using tax-advantaged accounts for down payments, have been criticized by the president himself. His executive order to curb institutional investment in single-family homes lacks teeth, while other proposed policies have faced backlash.

One policy that may move forward is having Fannie Mae and Freddie Mac buy up to $200 billion in mortgage bonds. While this could lower mortgage rates by up to 25 basis points, experts question if it will be enough to make a significant impact. With housing policies seeming adrift, the administration faces challenges in addressing rising costs for Americans.

Read more at Yahoo Finance: Trump’s Plan to Make Housing Affordable Is Faltering