President Donald Trump recaptured the White House by pledging to lower the high costs that are burdening so many hardworking Americans. He has already taken bold action to address a major culprit: housing. On his first day in office, Trump issued an executive order to defeat what he called the “cost-of-living crisis.” As part of the order, he demanded that federal agencies find ways to make housing more affordable.
Suggested solutions for reducing housing costs typically focus on the extremely worthy goals of increasing supply and cutting government red tape that has been a strong impediment to new construction. However, just as important as building more dwellings is tackling the litany of closing costs that quickly add up when consumers buy a home or refinance a mortgage.
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