An administration has far less direct control over the housing market than headlines suggest. No president sets mortgage rates. Those are driven by the bond market, inflation, and Federal Reserve policy. The levers the executive branch does hold, like opening federal land, encouraging homebuilding, or adjusting regulation, work slowly. Even after a policy is announced, it typically takes months to a year or more to show up in actual supply, prices, or rates. Intent and impact are two different things. We have not seen these policy moves translate into a measurable market effect on a short timeline, and we would be skeptical of anyone claiming a specific one is guaranteed to. Where politics does move the market in the near term is uncertainty. Markets tend to stay volatile while they price in what a new set of policies actually means and how much of an agenda gets enacted, and that process often takes a few quarters to settle. Rates can swing on that uncertainty in either direction. Our practical takeaway: do not build a buying or selling decision around what an administration might do for housing. Nobody can promise where rates or prices go from here. Focus on your own numbers and timeline, and treat any policy tailwind as a bonus rather than the plan.