How Will the Presidential Election Impact the Housing Market

By
Real Estate Agent with Buyer's Edge Company Inc
https://activerain.com/droplet/4Xkz

The Housing Market was barely mentioned during the Presidential Debates

so where does that leave us? Washington monument

According to an article in today's Washington Post, It leaves many home buyers and sellers guessing.  

 Laurie Goodman, co-Director of the Urban Institutes's Housing Finance Policy Center, says Trump hasn't said much about the housing market. Goodman says, "it's so unclear what type of Republican he is." Jonathan Smoke, the chief economist for Realtor.com says you would hope Trump's background in business and real estate would be a positive sign for the housing market. 


 

President-elect Donald Trump started his career in real estate. He's tied his family name to casinos and luxury hotels around the world. But will that experience benefit the middle-class home buyers & sellers in the United States?


 

Ralph McLaughlin, a chief economist with Trulia says there will be short-term effects on Americans and these effects will be different depending on where you live. McLaughlin says home buyers in more blue states will be rattled by the election and hesitant about the U.S. economy. In contrast, home buyers in red states may be more buoyed by their confidence in the economic outlook and this may increase demand. 

Last August, Trump spoke to the National Association of Home Builders vowing to cut regulations that are hurting the housing and economic recovery. Trump said, 


 

"No one other than the energy industry is regulated more than the home building industry." "Twenty-five percent of the cost of a home is due to regulation. I think we should get that down to about 2 percent." 

 

 

According to the Daily Mail, the global markets have settled a bit after a wild reaction to the news of Trump's election. Craig Erlam, a senior market analyst with OANDA (a Canadian based foreign exchange company) said Trump's speech after his victory helped turn the markets around since it focused on unity and getting the economy growing again. 

 

Winter is typically a slow time for real estate transactions, so at least for a few months, it may be difficult to measure the impact of the presidential election. In the Greater Washington D.C., buyers and sellers await the transition of power which always moves  people in and out of the area.

 

Links for More Information

 

What effect the Trump administration will have on the housing market

Market Watch

The biggest corporate winners-the Guardian

Wall Street Journal-2016 election

 

HomesBuyHendersons

HomesBuyHendersons on FaceBook

Buyer's Edge

National Association of Exclusive Buyer Agents 

 

 

 

 

 

 

 

 

Posted by


4849 Rugby Avenue Bethesda Maryland 20814 office 301.657.1475 cell 301.922.1677

 

Victoria Henderson is Vice President & Associate Broker with Buyer's Edge, Exclusive Buyer Agent & Realtor in Virginia, Maryland and Washington DC. Victoria is a certified Military Relocation Professional 

 

 

Marshall Henderson is a Certified Negotiation Expert & Exclusive Buyer Agent with Buyer's Edge & Realtor in Virginia, Maryland and Washington DC

Certified Negotiation Expert

 

Members of National Association of Exclusive Buyer Agents

Not Just a Buyer's Agent, an Exclusive Buyer's Agent. There's a Difference. Learn more at: 

 HomesBuyHendersons.com & BuyersAgent.com

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Rainmaker
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Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Nice overview. like your layout and supporting photo.

Nov 10, 2016 03:03 AM #1
Rainmaker
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Victoria Ray Henderson
Buyer's Edge Company Inc - Bethesda, MD
Real Estate for Home Buyers with Buyer's Edge

Thank you Nick & Trudy Vandekar appreciate the kind words! I took the photo yesterday when Marshall and I went to the new African American museum. Good day and incredible museum.

Have a great weekend!

Nov 10, 2016 06:32 AM #2
Rainer
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Cody Carmen
Adhi Schools, LLC - Rancho Cucamonga, CA
Market Analysis--Educational Content, Adhi Schools

I think the commentary about the short term effects is spot on. The housing market is dependent upon consumers and in some places those consumers are happy. In others they are not. I think things will bounce back quick in most markets (unless the mini-dip here coincides with a larger economic incident).

Nov 10, 2016 07:27 AM #3
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Rainmaker
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Victoria Ray Henderson

Real Estate for Home Buyers with Buyer's Edge
Looking for Buyer Agents in Maryland, Virginia or Washington DC
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