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Wednesday, 21 December 2016 00:19

Economists, CRE Industry Begin to Assess 'Trump Effect' on Property Markets

 

Like many business sectors, the U.S. real estate industry on Wednesday began to grapple with the unexpected economic and regulatory impact of an upcoming Trump presidency after the famous reality TV star and Manhattan real estate mogul defied pundits and pollsters to defeat Hillary Clinton and become president-elect of the United States. 


Although global stock markets girded for a Brexit-style tumult following Tuesday's election, calm prevailed as the shock of the election results wore off and was quickly replaced by the realization that the same party now controls the White House, the Senate and the House of Representatives for the first time since 2005, when George W. Bush was in the White House. 

 

With the Republican control of Congress and the executive branch, brokers, economists and industry leaders weighed in on the potential effects on U.S. property and capital markets, citing potentially reduced political gridlock, significant tax reform, increased protective measures for U.S. trade policy and rollbacks in the nation's financial and business regulatory framework. 

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Last modified on Wednesday, 21 December 2016 00:22