What does Trump mean for housing?

Tomorrow is a big day. We'll all be saying "President Trump". Regardless of your political positions, the question about how the Trump Presidency impacts property values must have crossed your mind.

The challenge here is that predicting Trump's impact on the housing market is nearly as hard to predict as was his presidential run! But remember, Trump got his fame and fortune as a real estate mogul. It was not a big topic during the election, and thus we didn't hear his policies on housing. Real Estate is naturally on his mind, and we can expect some changes.

Since the election, mortgage rates have already risen, and will probably continue to do so. But will the Trump administration privatize Fannie and Freddie? Will they loosen regulations and incentivize first-time home buyers?

Another considering factor is Trumps stance on immigration; which could worsen the construction industry labor shortage. 1 in 4 construction works were born abroad. Wages are likely to go higher, raising home prices and further limiting the supply of entry-level homes.

Depending on where you sit, this could be positive or negative news. We'll be watching closely and are ready to help navigate the uncertainty of the upcoming market. It's going to be... interesting!