H
i, I'm Danny Valle, but feel free to call me Danny! I'm excited to share stories from mid-Michigan and beyond.

    The presidential candidates are tackling the housing crisis with their own plans. Donald Trump and Kamala Harris have proposed solutions they believe will alleviate the issue. A recent video highlights a real estate broker's take on how low-interest home rates might impact these plans.

    Low-interest rates are currently enticing American home buyers, but one expert says it's not enough to get more people into the market. Brock Fletcher, a Keller Williams real estate broker, notes that home values have skyrocketed by 70% since 2020. The problem, according to Fletcher, is that many people are waiting longer to buy their first home.

    The average age for buying a first home in America is now 35 years old, and owning a home is crucial for achieving financial freedom. Fletcher says interest rates are lower than they were last summer, with 30-year fixed mortgages around 6.1% and 15-year mortgages at 5.65-5.7%.

    Vice President Kamala Harris has pledged to build three million homes in four years and offer $25,000 in financial assistance to first-time home-buyers. Donald Trump has promised to reduce regulations in the housing industry and open federal land for more construction.

    Fletcher believes that if interest rates are higher at the time of the election, it will benefit Trump's campaign. However, if rates continue to drop before the election, Harris may gain an advantage. Despite his opinions on the candidates' plans, Fletcher thinks it'll take time for the housing crisis to subside and doesn't believe either plan will make a significant difference in reality.