Real estate is a market that gets shaken up by every small or major change in the overall economic and political scenario. Many homebuyers and sellers are quite curious as to how the election results will impact the housing market. There have been different opinions, even contradictory ones, since the beginning of this year. But now that the results are out and the economy and industry are already showing signs of moving in a certain direction, we can actually predict how it will impact home buying and selling in Texas.
So, let’s discuss some of the major observations:
Financial gurus were predicting a FED hike during the last quarter but that was a forecast based on a completely different outcome. Since the election results were quite unexpected, there is a high chance that rates will not go up in the last quarter, and probably even in the first quarter of 2017.
The trillion-dollar infrastructure plan brings a positive news for the commercial construction sector, and the impact is likely to spread across the residential sector as well. So, the real estate industry is likely to see a lot of activities, which in turn create more demand as well.
Finally, with lower taxes to pay, affordability might improve and the market might see a higher number of buyers, and even sellers looking for a better property to invest in.
So, overall the picture seems pretty for the industry, for both buyers and sellers of real estate property. For more information regarding selling and buying home in College Station, get in touch with us today.