Unable to attend NAR midyear in person, President Donald Trump sent a two-minute video lauding Realtors’ work and praising his One Big Beautiful Bill Act.
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On the last day of the National Association of Realtors’ midyear Legislative Meetings, President Donald Trump sent a two-minute video lauding Realtors for their work and highlighting federal legislation aimed at helping small business owners and first-time homebuyers.
“A very special hello to everyone at the National Association of Realtors. I love people [who] are in the real estate business. I have a little bit of a proclivity for it,” Trump said while seated behind the Resolute Desk in the Oval Office. “You play a vital role in helping Americans achieve the dream of homeownership, and together we will make the American Dream more attainable than ever before.”
Trump said his Administration is focused on “rapidly defeating” inflation in the hopes it will lead to lower mortgage rates. The Bureau of Economic Analysis’ personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred gauge of inflation, moved down to 2.1 percent in April — 0.1 percent away from the target of 2.0 percent.
Inflation, short-term interest rates and mortgage rate growth trends don’t always move in tandem; however, Trump said inflation improvement and a 0.8 percent growth in personal income might give would-be homebuyers the break they need to enter homeownership.
The president also highlighted the One Big Beautiful Bill Act, which would extend provisions from his 2017 tax bill.
“We’re slashing unnecessary regulations, and we are working to pass the largest tax cuts and reforms in American history, which will turbocharge our economy like never before. Nobody’s seen anything quite like it,” Trump said. “The One Big Beautiful Bill, the most important piece of legislation in many years, will preserve small business tax deductions and so many want and need, so many real estate agents are just demanding.”
The Act, which passed the U.S. House of Representatives in a razor-thin vote of 215-214, includes massive cuts to federal healthcare and nutritional assistance, but protects popular business and housing policies.
NAR and other housing groups lauded the One Big Beautiful Bill Act’s continued deductions for qualified residence interest and business State and Local Tax Deduction (SALT) and Section 1031 like-kind exchanges. The Act also expands deductions for Qualified Business Income under a permanent Section 199A and introduces a new round of Opportunity Zones.
“[The bill] will stop trillions of dollars in tax hikes on American families and put more money in the pockets of homebuyers by raising take-home pay for the typical family by an estimated $13,000,” Trump said. “With your help, a record number of Americans will achieve financial independence and find a home that fits their dreams and aspirations, something very, very beautiful, and what you do is very beautiful.”
Before the video, NAR President Kevin Sears said the Association invites all presidents to speak at midyear. Trump attended the NAR Midyear Conference in 2019, where he received multiple standing ovations during an hour-long speech about tax cuts and housing-related policies.
Political tensions have been thick at this year’s conference, with NAR leadership noting earlier in the week that President Trump’s anti-DEI mandate did not influence moves to change its controversial hate speech policy, formally known as the Realtor Code of Ethics’ Standard of Practice 10-5. The policy change went into effect today and removes references to hate speech, adds a definition of harassment, and makes the policy no longer applicable to all of a Realtor’s activities.
“We invite each president of the United States to address our members directly,” Sears said. “We’ve been honored to host nine sitting presidents … The president was unable to join us in person this week. Just yesterday, he recorded a special message for all of you … it’s a sign of respect and recognition Realtors have here in Washington, D.C.”
Inman Deputy Editor Andrea V. Brambila contributed reporting for this story.
