How Will Trump’s Election Affect Our Northern Virginia Market?
Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on January 19, 2023 02:18 ()
What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 167628723 series 1139850
How will President-elect Donald Trump affect our real estate economy in the near future?
First of all, we know that whenever there is a new administration, a shift of some kind is going to take place here in the Northern Virginia market. A new administration means new policies, and that’s where the real change takes place.
Last week, interest rates increased to 4.03%, which is the first time since early 2015 that they’ve been above the 4% mark. Is that a reflection of the election? Possibly. They started creeping up after the day of the election.
Federal Reserve chair Janet Yellen has indicated that sometime this month, the Fed will raise interest rates. However, she’s made this same prediction many times before, and they ended up staying where they were, so as far as that goes, I’m content to wait and see what happens.
With all the transitioning taking place, there are a lot of unknowns floating around out there. We know that there is going to be change, we just don’t know what kind of change. Nobody has a crystal ball, so if you’re in the market to buy a home, sell a home, or invest in real estate, you might as well do it now.
If you have any questions or would like to make a move in the market sometime soon, don’t hesitate to reach out to me by phone or email. I’d be happy to help!