President-elect Trump, who first gained fame as a real estate developer, is anticipated to bring significant changes to the real estate market in his second term. A business-friendly politician who favors tax cuts and deregulation, the returning president regained Washington on the promise of lowering interest rates, providing cheaper homes and cutting regulations for homebuilders. He has also called for opening up federal land, most of it in the West, to home construction. Nevertheless, costs could rise if his planned deportations cut the construction workforce and import tariffs increase materials costs.