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The Election Results and the U.S. Housing Market: Here’s the Impact
President-elect Donald Trump has been named the 47th President of the United States. When it comes to real estate, how will Trump and his policies impact the industry? Let’s look at Donald Trump’s stance on the real estate industry, and what we think could take place over the next year:
New Strategies Are Needs for Real Estate Growth
No matter what political party, real estate professionals are hoping 2025 will bring growth and much needed support to the housing market. During his Presidential campaign, Trump had a lot to say about inflation and his plans for reducing it along with lowering interest rates.
In order to successfully boost the housing market, effective strategies will need to be put into place to bring new life and energy into the economy. It’s also important to note that after any Presidential election, there is usually an increase in home sales. This is because the uncertainty during election time has started to settle, and people begin feeling more comfortable about the future again. With this momentum, and hopefully some supporting economic changes, we may see growth for the real estate industry in 2025.
The Housing Market Now and Predictions for Tomorrow
As you know, the real estate market is complex. And our post-COVID era of real estate has definitely seen some lows. From rising interest rates and inflation to lack of supply, home sales have slowed. However, over the last few months we have seen an uptick even in the midst of the Fall market as interest rates have lowered.
With a new President-elect scheduled to take office in January, here are some of the predictions for the 2025 real estate market:
- Inflation easing and a gradual decline in interest rates
- Increase in buyers entering the market
- Increase in homes for sale, however inventory will remain tight
- Home prices may rise modestly
- New home buyers will invest in construction and the suburbs
The real estate market was a major topic discussed by both candidates during the election campaign process. With Trump about to take over as President, everyone is going to be looking to see what impacts his policies will have on the real estate industry. Velocity Title will continue to monitor the market and share updates and insight as they develop. However, one thing is for sure, both parties, homebuyers, sellers and real estate professionals are hoping for better days ahead for our economy and housing industry.
Velocity Title Moves Your Business Forward
Velocity Title supports the real estate industry with a comprehensive line of title services that add value to each and every transaction. At Velocity Title, Our Personal Support Makes You Look Good Every Time! With a focus on the best CUSTOMER EXPERIENCE, Velocity Title incorporates leading title TECHNOLOGY and EXPERTISE into every transaction—enabling the final step in the home buying and investing process to be EASY, EFFICIENT and INFORMATIVE. For the perfect settlement experience every time, click here or contact us today!
