Housing Confidence Hinges on Promise of Trump Growth Policies

Real Estate Broker/Owner with The Celtic Connection Realty BR545869000

According to Fannie Mae’s December 2016 Economic and Housing Outlook, higher interest rates in the long-term will result in higher mortgage rates, while household equity continues to expand. Fannie Mae projects the economy overall to advance 1.8 percent in 2017, which would be the third consecutive year of modest growth.

“The tenor of our forecast effectively remains unchanged: signs of cautious consumers this quarter, rising interest rates, the renewed increase in the U.S. dollar to a 14-year high, and heightened uncertainty in the political sphere suggest conservatism in our outlook,” says Fannie Mae Chief Economist Doug Duncan. “While we are encouraged that confidence is rising across investors, consumers, businesses, economists, and home builders, much of it appears to be in anticipation that the forthcoming Administration and the new Congress will enact fiscal policies and deregulation that will help spur growth. While we believe that some pro-growth policies could be adopted next year, it would take time for them to benefit the economy, barring any offsetting initiatives such as more restrictive trade policies.

“The recent surge in interest rates amid continued strong home price appreciation are likely to present affordability challenges to homebuyers, especially for young adults who are looking to enter the housing market for the first time,” adds Duncan. “However, stronger economic growth, if it materializes, should help support incomes, affordability, and the ongoing housing recovery.”

Source: Fannie Mae

Ed and Celia Maddox


Ed and Celia Maddox

The Celtic Connection Team

Solutions Real Estate

Edward Maddox, Associate Broker, MRE, GRI, ABR

The Celtic Connection Realty Team - We Take the High Road

Solutions Real Estate - Multi-Million Dollar Producers 2004-2016

Direct: 480-987-9322  Cell: 480-612-7968  Fax: 800-410-9607

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A FEW OF OUR TESTIMONIALS (Additional ones upon request)


Nicole Marr

Celia and Ed Maddox were wonderful to work with. They were extremely patient with me and very flexible with showing houses. It's nice to work with a husband and wife team because it really is twice the service! They complement one another nicely and both bring different perspectives to the table so you get very well rounded views and opinions from them both. I plan on staying in my home for many years, but if I ever do buy or sell again in the future I will definitely use Ed and Celia!


Ron and Ellen Littlejohn

Thanks so much for all your help with the purchase of our new home.



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Edward and Celia Maddox, Associate Broker, MRE, GRI, ABR
The Celtic Connection Realty - We Take the High Road
Solutions Real Estate - Multi-Million Dollar Producers 2004-2011
Direct: 480-987-9322 Cell: 480-612-7968
Fax: 800-410-9607




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