The CEO of the Zillow real estate app was pressured in an interview with CNBC to say whether mass deportations would improve the crisis of housing affordability in the U.S.

Jeremy Wacksman was discussing the company’s earnings call on the “Squawk on the Street” show when he was asked about President-elect Donald Trump’s plans for mass deportations.

‘The structural challenges and changes we need to make as a country are really around affordability and availability of supply.’

“Both candidates were talking a lot about housing affordability clearly a front-and-center issue for Americans in the campaign,” said Sara Eisen.

“What President Trump said about it is that a lot of the affordability problem is due to illegal immigration and that after he carries out the largest deportation operation in history, that will ease prices by reducing demand. Do you agree? Are you optimistic that that can help?” she asked.

“The big challenges in the real estate market are affordability and availability. Those are the two structural problems we have to work on,” responded Wacksman.

“Affordability as we talked about, is around what has happened with home prices and inventory, and inventory is our biggest challenge. We are missing listings, listings are up a little bit from last year, but if you look back to pre-pandemic levels, we’re down sharply, and we’re chronically underbuilt as a country.

And so bringing more inventory, more new home starts online, is gonna be one of the things that really helps the supply demand imbalance.

“But have immigrants been a big source of demand for that, and lack of availability?” Eisen pressed.

“We’ve seen demand across all segments, the buyer demand is there,” Wacksman replied.

“Any time rates move a little bit you see demand spike on sites like Zillow,” he added. “The pent up demand, the desire to buy is always there. Again the challenge for buyers is affordability and what they can buy. And so the structural challenges and changes we need to make as a country are really around affordability and availability of supply.”

The housing crisis in the U.S. has led to a shortage in inventory and high prices with some of the worst housing affordability rates in decades.

Economist Chloe East told NPR that illegal immigrants might have a small role on affordability but blamed other factors for the housing crisis. But some research has found that illegal aliens increase demand for limited housing, leading to higher rents and higher prices for housing.

Video of Wacksman’s appearance on CNBC can be viewed on its channel on YouTube.

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Like many Americans, Pat Gray, Jeffy, and Keith Malinak are breathing a little easier following Donald Trump’s victory because his win means hope for our country.

Trump really captured that feeling of hope in his speech following his historical victory over Kamala Harris.

“I will fight for you, for your family, and your future. Every single day, I will be fighting for you. And with every breath in my body, I will not rest until we have delivered the strong, safe, and prosperous America that our children deserve and that you deserve. This will truly be the Golden Age of America,” he said to a roaring crowd.

He also brought attention to the monumental achievement of his victory made possible by his supporters.

“It’s a political victory that our country has never seen before. … I want to thank the American people for the extraordinary honor of being elected your 45th president,” he said.

His speech also addressed Republicans taking the Senate.

“America has given us an unprecedented and powerful mandate — we have taken back control of the Senate. Wow, that’s good. … The Senate races in Montana, Nevada, Texas, Ohio, … Wisconsin, the great commonwealth of Pennsylvania were all won by the MAGA movement,” he added.

“Yeah!” yells Pat, who can’t contain his excitement.

However, the line that perhaps resonated the most with his supporters was when Trump said, “We don’t have to live like this anymore.”

“That was a great line. So good,” says Pat.

“That really resonated, and I loved it,” adds Jeffy.

To hear more highlights from Trump’s victory speech, watch the clip above.

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Glenn Beck had a powerful message for Democratic voters in the wake of Donald Trump’s landslide victory against Vice President Kamala Harris.

He shared his post-election thoughts on his radio show and in a post on X on Thursday.

‘Let us rule ourselves again.’

Beck urged Democrats to reject the legacy media’s narratives about Trump’s supporters and seek to understand why more than half of Americans voted for him to lead the country.

In a post on X, Beck wrote, “If you voted for Kamala Harris and can’t understand how over half the country supports Donald Trump, please hear this. We aren’t who the legacy media says we are.”

He assured Harris’ supporters that conservatives are not aiming to “end ‘democracy'” and “abandon science” despite what those in the legacy media and Democratic Party have repeatedly claimed.

“We want to return power to the PEOPLE from the administrative state,” Beck said. “We don’t want a president who will control our lives and declare what we must believe, eat, drive, and teach our children. We want one who will DEREGULATE and let us live without the government constantly breathing down our necks.”

“We support ACTUAL science, grounded in common sense and reason,” he added.

Beck explained that conservatives are aware that “racism exists” but noted that “we don’t believe people are BORN racist and that the only way to defeat racism is with more racism.”

“We believe in the American Spirit – that WE determine our own destinies, no matter race, religion, or class,” he continued. “Our Founders knew that government left unchecked would accumulate power at the expense of the individual. That’s the road we’ve been on for over 100 years, since the early Progressives convinced America that man cannot rule himself, that we need overseers, elites, and ‘experts’ to tell us what to do.”

During his radio broadcast, Beck elaborated on how the American spirit inspires individuals to achieve dreams and innovations deemed impossible by others.

“I’ll fight for your right to be whoever it is you think you are,” Beck declared. “I’ll fight for your right to say what you believe, but I’m also going to fight for everybody else’s right, including mine, to say you’re wrong.”

Beck told Harris’ supporters that the majority of Americans, himself included, voted for Trump because he “promised to empower the people and restrict the government, to let us rule ourselves again.”

“That’s what made America exceptional. That’s what we want to make ‘Great Again,'” Beck concluded.

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In a media briefing Thursday after announcing a reduction in interest rates, the chairman of the Federal Reserve said he would not resign if asked by President-elect Donald Trump.

Chairman Jerome Powell was asked by a reporter about the possibility of Trump asking him to resign after the stunning results of the election Tuesday.

‘Trump had accused Powell of hurting the economy by raising interest rates.’

“No,” Powell replied simply.

“Do you think that legally you’re not required to leave?” asked the reporter.

“No,” he responded.

When asked whether he believed the president had the power to force him to resign, he responded, “Not permitted under law.”

Powell was appointed to Fed chair in 2018 by Trump but was criticized by the president for what he saw as poor job performance. In 2019, Powell was similarly asked if he would step down from the position if Trump asked him to resign, and he had the same answer at that time.

Trump had accused Powell of hurting the economy by raising interest rates at the time, but Powell argued that higher rates were necessary in order to avoid inflation.

Powell had also announced a quarter of a point reduction in reserve interest rates on Thursday after the Federal Reserve had previously cut rates by half of a percent in September.

After losing the election in 2020, Trump has since said that he wants the presidency to have more of a say in setting interest rates, despite economists’ warnings that the Federal Reserve was created to be independent from the presidency to avoid political meddling in the economy.

“I don’t think I should be allowed to order it, but I think I have the right to put in comments as to whether the interest rates should go up or down,” said Trump to Bloomberg News in October.

“The independence of the Fed is something that not just economists, or investors, but citizens should place a high value on,” said economist Carl Tannenbaum to the Associated Press in August.

Powell went on to say Thursday that the election would have no effect on the decisions made at the Federal Reserve.

“In the near term, the election will have no effects on our policy decisions,” he said.

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President Donald Trump won the 2024 election in a landslide victory — and after a period of silence, Kamala Harris has given her concession speech.

Harris gave her speech at Howard University, which is her alma mater.

“It was an interesting chain of events because last night, very quiet, didn’t say a word. They had this crowd waiting for her and they actually had one of her campaign staffers who had to come up to the mic and say, ‘She’s not– go home,’” Sara Gonzales of “Sara Gonzales Unfiltered” comments.

“Very strange that she wouldn’t even speak, and it makes you wonder what was going on there,” she adds.

Harris reportedly did end up calling Donald Trump by phone to concede and had a “pleasant conversation” with the president-elect. However, when she gave her concession speech to the public, she was 20 minutes late.

“I know folks are feeling and experiencing a range of emotions right now, I get it, but we must accept the results of this election,” Harris began, noting that she would “help him and his team with their transition” and “we will engage in a peaceful transfer of power.”

Gonzales finds the whole thing quite “interesting.”

“All of a sudden she’s like, ‘No, I mean, he won fair and square and we need to acknowledge that.’ Well, you didn’t acknowledge it last night. So, were you too drunk or were you waiting to find out if you guys could figure out how you could find the votes?” Gonzales says.

“It’s very strange to hear her … intentionally go along to get along. ‘It’s going to be peaceful, we’re going to do this the nice way,’” she continues.

“Why would you want a peaceful transfer of power with literally Hitler?” Steve Deace of “The Steve Deace Show” chimes in, adding, “why would you concede it all to fascism?”

“I think that ultimately, they either believe these talking point, which is devastating in it’s own right, or they don’t, but they are so craving for power that they will cynically, nihilistically inject that venom and poison into our cultural lexicon and pit us against one another,” he adds.

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