Grant Cardone Predicts Major Rate Cuts After Trump's Victory
- Grant Cardone anticipates that Trump will apply pressure on the Federal Reserve to cut interest rates significantly in the coming year.
- Cardone identifies a serious housing crisis in the U.S. and believes that rate cuts are necessary to improve mortgage conditions.
- He concludes that Trump's presidency will greatly benefit the real estate market by addressing debt problems and stimulating growth.
Following the declaration of Trump's victory over Vice President Kamala Harris, real estate investor Grant Cardone expressed optimism about future developments in the U.S. housing market. Cardone believes that Trump will push the Federal Reserve to implement historic rate cuts within the next year. He highlighted the existing housing crisis and the need for lower mortgage rates to stimulate recovery. Cardone contends that these cuts could help address both the housing market stagnation and issues surrounding commercial real estate debt. A steep reduction in rates, he claims, is vital as current mortgage rates hover near 7% and need to drop below 4% to rejuvenate the market. Looking ahead, Cardone expects pressure from the Democratic Party on media to portray a negative economic outlook, but he argues that this may actually assist Trump in lowering rates and resolving the economic challenges facing real estate.