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Posts tagged ‘The Trump Real Estate Effect’

4
Jan

The Trump Real Estate Effect 2017

The Trump Real Estate Effect 2017

Trump election victory The Trump Real Estate Effect 2017

I’m writing this in the first week of January 2017 and even though where a couple weeks away from the inauguration of Donald Trump, speculation abounds as to how his presidency will effect the real estate market.

While this speculation is going on, a dramatic effect on real estate is happening because just a couple of weeks ago the Federal Reserve Board increased interest rates. But, as I’ve said before, more importantly than the Federal Reserve Board’s interest rate increase was the fact that they stated that they would be raising the interest rates three more times in 2017.

Here in San Diego, with the average residential home price around half $1 million, it is already extremely hard for the majority of working people here to qualify for a home mortgage unless they put a substantial down payment. Naturally, as interest rates increase this will only make the situation worse. Read more »