The recent inauguration has led to numerous Executive Orders and economic uncertainty. January's Consumer Price Index showed inflation at 3%, driven by rising shelter costs. Job creation slowed, but wages increased, providing some spending power. President Trump's new policies aim to reduce housing costs and expedite development in California, though tariffs may raise construction expenses. Existing home sales fell nearly 5% in January, but prices rose 5% year-over-year. The market outlook remains tight with high mortgage rates and limited inventory, favoring sellers.
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