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The housing market has taken a beating since President Donald Trump took office, but at least he seems to be finding a way to repair the damage.
In fact, according to the National Association of Realtors, home sales in July were up 2.5% from a year ago.
But there’s still a ways to go before they reach record levels.
And in some markets, like Atlanta, the situation is worse than the president thinks.
The National Association for Home Builders said July was the worst month of the year in which the group had experienced a drop in sales.
It attributed the sharp drop to factors including the election of Trump, the ongoing threat of a major natural disaster and the slowdown in construction.
The group has been pushing Trump to get the U.S. economy going again, which it blames on tax cuts and spending on infrastructure.
So far, though, Trump has not had a big impact on housing prices.
In some markets where house prices have been rising, there are signs that things could change.
In Atlanta, home prices jumped in June, after years of falling, as home sales rebounded after the end of the Great Recession.
That helped spark a rebound that has been fueled by construction.
And the numbers have been coming in in July, according.
But in some of the nation’s fastest-growing markets, such as Phoenix and Charlotte, the numbers are not quite as strong.
While prices are rising in Phoenix, they are also rising slower than they were in 2016.
And sales there were down 2.9% in July compared to the previous month, according the National Assn.
«While we expect the housing market to recover, we do not see it moving into a bubble phase,» said Robert Kowalczyk, chief economist at First Trust.
«This is a real opportunity for the Trump administration to start working on building a long-term plan for building housing that will help lift people out of poverty and back into the middle class.»
The economy is growing and there is more room for housing, he added.
The president could also push for more affordable housing policies, such on tax credits and vouchers.
However, in places where Trump has tried to use the power of the federal government to boost housing prices, it has not worked.
Trump has pushed for more federal money for affordable housing programs in his home state of Florida, where home prices are still in double digits.
He has also proposed a plan to build a wall on the southern border with Mexico to keep out immigrants who cross the border illegally.
And he has also called for a «buy American» rule for federal contractors.
«The president is not really trying to solve the problem,» Kowczyk said.
«He is trying to get people to move in.
If they are not moving in, he is going to put more restrictions on them.»