How We See the Next Four Years
There is a sense of relief the election is over, yet how does it affect the real estate market and your relationship with it?
“The last time we had real estate dealmakers as U.S. Presidents were founding fathers Thomas Jefferson and George Washington, who loved their property holdings and made sure the U.S. Constitution protected them,” Inman Publisher Brad Inman wrote earlier this year. “That was a big deal.”1
There are many factors that show the market will not “crash” as the economy has recovered from 2008, the job market is strong, and the Fed is unlikely to raise rates in December—even though people are making it clear the status quo does not work for them anymore.
“One part of the struggles of the middle class that came through in this election was that they can’t find good affordable housing,” said Kevin Finkel, executive vice president at Resource Real Estate, a Philadelphia-based real-estate investment trust (REIT) that focuses on midtier rental apartments in post-election commentary. “But you didn’t see any discussion about the supply of affordable housing during the campaign,” Finkel said.2
Our CEO + Founder, Tami Halton Pardee noted “As long as employment opportunities and wages continue to grow, then housing should continue to soar.” We are excited and motivated to keep the dream homeownership alive. Below are our new listings for this week to keep your momentum going and set your own trend