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Senior home equity at record high as Trump opposes price cuts

President Donald Trump has drawn a firm line on housing policy — he doesn’t want prices to fall, even as affordability concerns dominate voter surveys and construction slows nationwide.

“I don’t want to drive housing prices down. I want to drive housing prices up for people that own their homes, and they can be assured that’s what’s going to happen,” Trump told his Cabinet on Jan. 29.

The stance prioritizes existing homeowners who have benefited from years of appreciation. It also departs from calls by economists, builders and local officials who argue that boosting supply is essential to easing affordability concerns.

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