Life’s one constant? Change. Post-presidential inauguration people are asking “What’s next for the housing market?” Let’s take a look at the what’s happened so far and how experts expect housing markets to react in the next year.
Much depends on what policies are put into place. For instance:
- Higher tariffs could increase inflation, keeping interest rates low
- Limiting migrant workers US entry could raise construction costs
- Isolationist policies may push investors into domestic real estate
The Fed announced a rate hike in December 2016 and forecasted three more in 2017. Rates are still very low, but every point matters.
However, rate hikes are unlikely if the Fed sees a…