Marcus Hiles Reflects On What Property Sector Can Expect From Trump

Marcus Hiles notes that there has been discussion throughout the property industry about the affect President-elect Donald Trump will have on real estate policies when he enters office. Many in the industry are excited about having a businessman in the Oval Office, seeing this as an opportunity to reduce many business regulations. Even with his long-time background in real estate, the President-elect has been mostly reserved about what his goals in this area will be. Noted in a Forbes article written by Lawrence Yun, the Chief Economist of National Association of REALTORS, one of Trump’s primary impacts on the property industry could be updates to the Dodd-Frank act. “A clear positive would be the lifting of compliance costs imposed on small-sized banks. Around 10,000 local and community banks have traditionally been the source of funding for construction and land development loans. With less regulatory burden, these small banks can make more loans and will boost home building activity – something that is needed in the current housing situation.”

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