Grant Cardone foresees major rate cuts post Trump victory

In the United States, real estate investor Grant Cardone has expressed optimism regarding the economic direction following the recent electoral victory of President-elect Donald Trump. Cardone, who was at Trump's Mar-a-Lago resort for the election night, believes that Trump will bring about substantial interventions to address the current housing crisis. According to Cardone, the Federal Reserve will likely implement historical rate cuts within the next year as a response to pressures exerted by Trump. He noted that the daunting real estate challenges, particularly concerning mortgage and commercial real estate debts, necessitate urgent action, promising to invigorate the stalled housing market. Cardone has emphasized that mortgage rates, which currently hover around 7%, need to drop to 4% or lower to relieve financial strain on potential homeowners and investors. He argues that these anticipated rate reductions will not only positively impact residential real estate but will also alleviate the broader issues within the commercial real estate sector. The market’s response to these potential changes is expected to be significant, helping both consumers and investors to regain confidence. Furthermore, Cardone mentioned that as Trump resumes power, he expects the Democratic Party to utilize media narratives suggesting that the country is in a recession and facing high unemployment. This anticipated media pressure, however, could serve as a catalyst for Trump to push for lower interest rates, which Cardone believes will ultimately bolster the economy. As the situation develops, Cardone is confident that Trump's administration will be beneficial for the real estate market, positioning him as a necessary figure in solving the underlying economic issues. In summary, as the United States transitions into a new political landscape with Trump's victory, pivotal changes within the financial sector are anticipated, particularly regarding interest rates set by the Federal Reserve. The potential for significant adjustments in mortgage rates highlights the critical intersection between real estate investment and governmental policy. Cardone's predictions not only outline expectations for the real estate market but also reflect the broader economic implications tied to Trump's leadership.