The US real estate market has been in a bit of dilemma lately. When Donald Trump campaigned during the presidential elections, he was quite silent about real estate when it came to talks of development and how to improve the state of the housing market. However, people thought that being a real estate man himself, Trump must have some trick up his sleeve. You’ll find very little evidence on the internet that suggests a change in development of the real estate market.
Despite the skepticism, analysts have suggested that there will be major reforms in the real-estate market. There will be more jobs and more employment means more buildings. Also, a major part of the focus will be on foreign investments. As the market keeps growing, there will be more and more foreign investors trying to invest in the US market. While Trump may not approve all of them, he will likely accept the majority of them because its good business.
Also, the focus will be on developing houses, apartments and single-family homes in one single area in what is being termed “surban”. The suburban communities are expected to improve in terms of housing and employments.
Another area of improvement in the real estate market will be the interest rates. Currently, the interest rates are hurting home buyers and that is expected to change soon. A lot will depend on the development of the economy. As the economy improves, the interest rates are expected to fall.
Prices of properties and lands are also expected to come down due to more and more investments and jobs. As jobs open up, labor becomes easy and cheap. Naturally, the price of lands will also start to decrease.
In the US, the real estate market has been in a bad shape for a long time. However, with Trump in charge, it is expected to change anytime now. Till now, no change is visible but by the end of this year, the real estate will experience some change or the other. It’s not easy to change the US real estate market so quickly and it will take some time but hopefully, it won’t be too long now.