How will the real estate market be impacted by Donald Trump’s victory and Republicans controlling both chambers of Congress?
Though Mr. Trump is a real estate man, his policy platform has been largely vague on real estate proposals. Here are my thoughts on how certain real estate issues may play out under President Trump and of their potential impact to consumers.
Trump has a 10-point lead on Clinton when Americans are asked about which candidate will spur higher home prices. Primary results also suggest candidates weren’t popular in places where housing prices had a strong recovery.
So of the two presumptive major-party nominees for U.S. presidency, whom do you think will be best for housing prices? The self-described successful real estate executive Donald Trump? Or the former U.S. Senator, first lady and U.S. Secretary of State, Hillary Clinton?
Look, I’m going to level with you. I think we’re screwed.
We all saw what happened last week because of “Brexit” (British Exit). The markets are in uncertain territory.
Add inflation and the potential for recession – this situation becomes even more complex.
People are tightening their belts.
You do not need a degree in economics to become market-literate, just an understanding of how local real estate economies work, fluency with the terminology and good sources for local data on sales, prices, values, and inventories. Add your professional expertise and your skilled observations of the latest trends in the charts and numbers and you have a winning formula.
Home-buyers rejoice when interest rates drop, but rising interest rates can actually be a good thing for investors. Because high rates make homes less affordable, the rental market improves, giving real estate investors a chance to improve cash flow and increase their return on investment.
