Whether you’re buying or selling a home in our market, you need to pay attention to how interest rates are moving since the election.
Now that the new president is in office, what other changes can you expect him to make to our real estate market? As you may recall, we’ve already touched on this topic in two previous videos, which you can see here and here. Today, we’re focusing on policy and tax changes. What types of policies will the new president implement?
One of the policies he’s talked about is reducing regulation in our market. Less regulation tends to be more favorable to real estate development. With this in mind, an overhaul of the Dodd-Frank Act has been a hot topic in the news, lately. It also remains to be seen whether the administration will alter FHA and private mortgage insurance or get rid of those things altogether.
The next thing to keep an eye on is lower capital gains. If President Trump lowers capital gains, how is that going to affect the investor market? Overall, I think you’ll see a pause in our local market due to a lot of people waiting on the sidelines. How does this affect you? If you’re a buyer, you want to buy during that pause because there will be more inventory and more opportunity for you to get a better deal.
If you’re a buyer, take advantage of the pause we’re about to see.
Personally, I’m not in wait-and-see mode—I’m in buy mode. Interest rates drive my economy, and I need to know if my money is cheap. If my money is cheap, I can do more with it.
If you have any questions about this topic or would like to know more about what’s happening in your local real estate market, please don’t hesitate to reach out to us so we can sit and talk with you. You have the dream—I have the address.