2017 Real Estate Predictions - by Redfin
With the start of a new year, there are always new questions and predictions about what's ahead for real estate. This year, we have the added factor of a new president who could affect the market in several ways.
Redfin says its researchers put their heads together to see what might happen to the housing market under the new Trump administration. Donald Trump's agenda may be more difficult to nail down but Redfin identified three major policies that could have a significant impact:
An increase in infrastructure spending could help create jobs, and proposed tax cuts could give people more money to spend. Both of those could lead to more home-buying activity. On the flip side, Mr. Trump's call for mass deportations could hurt new home construction since many workers are non-documented immigrants.
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