Higher mortgage rates predicted after Trump win

The big picture: Throughout his campaign, Trump talked about slashing mortgage rates and easing new build regulations, though neither are things he can control from the White House.

• He — and Vice President Harris — also talked about making federal lands available for development, which could help boost housing supply particularly in the Mountain West region, Realtor.com's chief economist Danielle Hale tells us.
• "The ultimate impact will depend on the extent and location of the land that is ultimately made available," Hale says.

As for reducing demand for housing, Trump has mostly talked about mass deportations. However, immigration has little to do with our supply crunch — and this could hurt the labor supply needed for new home building, Axios Emily Peck reports.

Between the lines: There's no quick fix to our housing supply and affordability issues — no matter who the president is.

The bottom line: "We're all in wait-and-see mode," Zhao says.