President Trump has directed Fannie Mae and Freddie Mac to count cryptocurrency as an asset for a mortgage. This move aims to modernize the housing system and allow crypto owners to buy homes. However, the volatility of crypto poses challenges, leading to potential conversions to stablecoins for stability in mortgage transactions.

While some companies offer crypto mortgages, they remain scarce due to volatility. Buyers must deposit crypto equal to the property’s value for an interest-only mortgage loan. Additionally, blockchain technology and smart contracts could streamline real estate transactions, potentially paving the way for wider crypto adoption in the housing market.

Capital gains taxes and the IRS’s claim on crypto profits may deter long-term holders from selling their assets to purchase homes. Despite claims of homes bought with crypto, listings typically feature high-end properties, indicating a luxury market for crypto real estate transactions.

Using cryptocurrencies like bitcoin and ethereum to buy real estate is possible through third-party providers like BitPay. While challenges remain, the potential for integrating crypto into the housing market is gaining traction, offering new opportunities for buyers and sellers alike.

Read more at Yahoo Finance: Want to buy a house with crypto? Here’s what to expect.