Construction has reached a new high, rent values are above average and demand is good. History has shown that voters tend to be much more confident and optimistic in a robust economy, which drives consumer spending along with restored enthusiasm for housing.
The Mortgage Control Act will continue getting attention. So how and why would the election have such an impact? Elections Effect Consumer Confidence Two different studies, same conclusion.
The demand is also supported by lower unemployment rates. The interesting thing about his opinion is not which side he favors. But the biggest fears come out of Washington. We compile data on real estate transactions across the country.
Small businesses will be hit hardest, as many of them lack the financial resources to hire tax specialists that can help them adapt to any new regulations. There are real differences between Donald Trump and Hillary Clinton on policy and one of those differences is what to do with the estate tax.
They found that housing prices increased 1. So I think either of the two candidates will be good for the economy.
Some say that anyone willing to accept added risk might be able to snag a good deal on a home purchase. Presidential Elections and the Economy Presidential elections tend to reflect the underlying mood of the economy, and essentially consumer confidence.
Image courtesy of NAI Global. With so many balls in play and a litany of lingering questions, Election Day is bound to be the catalyst that will knock down the first of many dominoes for the real estate industry.
Instead, it is that he believes a large margin of victory for Hillary Clinton could open the door to Democrats being much more aggressive about the estate tax in the future. The year of a presidential election could realistically cause property values to decline. This might not seem like a lot, but little differences like these can really add up with time.
Both hot topics are also of high interest to the real estate industry, as political and economic factors can impact the sector in different ways. Obama has a fundamental distrust of markets. The Electoral Challenges Adding to the uncertainty is the upcoming presidential election.
With over 2 million agents and 29 million transactions in our database, we can help connect you with a top agent based on their actual skills and experience. How does HomeLight make money? While the housing market currently remains stable, Trepeta indicated that its modest pace need not cause worry.
Regardless of which direction it may fall, the housing industry is likely to endure some shifting as a trickle-down effect due to activity and on-going changes out of Washington.
The real issue is linked to the long-term effects of the presidential vote. He listed Canada, Australia and the U.
Talk to an expert. One of them will give you a quick call to go over your matches, get a better understanding of your requirements, and refine your search even further.
Despite its slow growth, the U. Thanks to the Mortgage Choice Act, opportunities still exist, however, rising debt in our economy looms overhead, with debt doubling in the last eight years.
Review your top agent matches. The only way an agent can influence our recommendation is by doing consistently great work for their clients. Others say it could take longer for sellers to find the right buyer, and recommend that sellers either sell the year before or after the election to take advantage of slightly higher property values.Beginning a new career as a real estate agent is exciting and you'll want to hit the ground running.
Your long-term success depends on many things, but a good beginning real estate business plan is one of the most important. Presidential Election Vexing Small Business Owners.
New reports suggest America's small business leaders are uneasy thanks to the White House race. Last week’s Presidential debate was a stark reminder, if not an ominous one: the election is approaching quickly and the real estate industry remains in the crossfire.
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