Marcus Hiles – Notes Benefits Of Growing Economy On Housing Market

Marcus Hiles – Notes Benefits Of Growing Economy On Housing Market
Marcus Hiles – Notes Benefits Of Growing Economy On Housing Market

As President-elect Donald Trump moves into power, Marcus Hiles is interested in how his extensive real estate experience will affect policy. As stated in a Nov. 10, 2016 article in Forbes by Lawrence Yun, predictions for short term economic growth from a “combination of tax cuts and government spending in the form of upgrading nation’s infrastructure and for national defense” suggest there will be a stimulus in the first half of 2017. Additionally, a moderate rise in interest rates, inspired by an accelerated GDP, will give consumers confidence and equate to an improved overall economy. If, as the article projects, the growing economy is paired with increased productivity, America can expect more jobs, increased tax revenue, a lower deficit, and manageable inflation rates. Additional good news will come if President-elect Trump elects to amend Dodd-Frank, which looks like it may happen following a Nov. 10, 2016 comment in the Wall Street Journal stating, “President-elect Donald Trump’s transition team promised to dismantle the 2010 Dodd-Frank law,” easing financial regulations and making compliance cheaper for smaller banks. Action on this issue would cause significant increases in real estate loans, improving building activity. Mr. Trump has also suggested that land use and zoning regulations might see changes to lower the cost of building, further boosting construction.

Read more: http://markets.financialcontent.com/investplace/news/read/33335210/Marcus_Hiles_

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