Earlier we touched on what the new Trump administration may mean for the California housing market. Needless to say, speculation continues and the San Francisco Chronicle has weighed in with the following points:
- Increasing infrastructure spending and cutting mortgage regulations would seem to be a boon for housing but could increase the deficit which, in turn, would raise interest rates.
- Deporting undocumented immigrants would ease the demand on rental units which might actually create a surplus of housing.
- Tariffs on imported goods might result in a decrease of foreigners buying American real estate.
it’s impossible to gauge the short-term effects of the election as the housing market is entering it’s seasonal slowdown. Some analysts termed the election a “non-event” in terms of the current market and others see the longer-term ramifications as not making a big difference.