Deb Tebbs Group

Cascade Sotheby's International Realty

Category: Real Estate News

How Will A Trump Presidency Affect The Real Estate Market?

House-For-Sale

By The Deb Tebbs Group

BEND, Ore. – It’s been one week since the world learned that Donald Trump will be elected the 45th President of the United States and now that the fears of how a Trump Presidency will affect the stock market have died down most people want to know how his presidency will affect the Real Estate market.

Mortgage Interest Rates

As we get closer to the end of the year it’s likely that we won’t see any changes in interest rates since Federal Reserve Chair Woman Janet Yellen has been hesitant to raise rates.

Come 2017 however interest rates could change since Donald Trump has been critical of the Fed’s policies, but in reality, only time will tell if there’s going to be a significant rate increase or not since the health of the economy is tied to the Real Estate Market.

Home Prices

In Bend, the median home price right now is $355,200 and we can expect home prices to continue rising through 2017 thanks to a strong economy in Central Oregon, especially in construction and the tech markets, which have brought more jobs to the area in the last two years.

Nationwide the median home value is $189,400 (Source – Zillow) and home prices are predicted to increase by another 2.9% next year.

What Are The Coming Changes To The Real Estate Market?

During the 1 ½ years that he spent campaigning, Donald Trump advocated making major changes to the U.S. Financial system including simplifying the tax code and eliminating the Dodd-Frank Act, and these changes could help home buyers, but until he’s elected President of the United States we can only wait to see what his focus will be during the first year of his presidency.

Search for Homes in Bend Oregon

To get started with searching for a home in Bend Oregon contact the Deb Tebbs Group today by calling us at (541) 323-4823 or click here to connect with us online.

Share this article

Home Values Nearing Pre-Recession Levels

Nearly 1,000 American cities are seeing home values nearing pre-recession levels. Zillow Real Estate Market Reports stated that values rose 5.7 percent in the first quarter of 2014 year over year and are up 0.5 percent compared to the fourth quarter of 2013. Home values have seen an increase over the last nine quarters and the trend is expected to continue through 2015. Out of over 300 metro areas that Zillow tracks, 60 have already exceeded or will exceed pre-recession values in the next year. It is anticipated that housing will remain affordable in a lot of metros, but in a few cities, prices are already unaffordable – namely San Francisco, Los Angeles & San Diego. Luckily, mortgage rates are still low & that assists in keeping home purchases possible in a number of areas.

Share this article

Government Shutdown Impacts Builder Confidence

Both builders & consumers have been shaken by a combination of  increased mortgage rates, the government shutdown & the debt limit debacle.  Single-family home builder confidence is at its lowest level in four months, but ironically, overall optimism relatively high. It is also important to note that interest rates are still incredibly low, relative to historic levels. Read the full article at worldpropertychannel.com

Share this article