The world is buzzing with talk of President-Elect Donald Trump. Today, I’ll focus on how Trump’s presidency has impacted the real estate market.
The hottest topic in the world right now is President-Elect Donald Trump. To me, it doesn’t matter which side of the aisle you fall on. I want to discuss the impact he has on the real estate market.
Immediately after the election, we saw a jump in interest rates. The bond market dropped, causing rates to go from 3.5% to 4%, depending on your market.
Now, depending on the stability of your town’s economy and your local market, we could see that rate increase drive home prices down. In my opinion, though, the market will remain flat even as rates go up.
Going forward, it could be more difficult to negotiate with buyers. Also, buyers will probably be nervous about getting into or out of the market because interest rates may continue to rise. However, other buyers might jump into the market simply to avoid the next rate hike.
If you have any questions about how your specific market has changed since Trump’s election, give me a call or send me an email. I would be happy to help you!