How Will The Real Estate Market Change With A New President?

[Shaun Martin]

In my group of friends I definitely have the most real estate experience. It is a low bar people. I am not professing to be awesome here. However, my friends look to me to answer questions they have about real estate. It is not a surprise that I am being asked if the real estate market will change significantly with a new president.

A common thought is that Trump is a real estate mogul and therefore pro real estate and real estate will flourish under the leadership of Trump. 

My counter to that is that most politicians probably own real estate and are going to protect their investments. 

To me the answer is a lot bigger than just the changing of the guard. However I am looking to your comments and ideas to help me explain to my friends what the future may hold.

Some key points that I do try and explain to them are:

1. If you are buying a primary home in a market you intend to live in for a reasonable period of time it is always a good time to buy. I base a lot of this around if you sell your primary in the same market that you plan to buy back into then most likely you will not be winning or loosing much.

2. Real Estate runs on cycles, is predictable (on a macro level) and takes a lot more than a new president to change it.

3. The current market is further along in an upward cycle, there are some significant headwinds, and despite my previous point, a couple policies or speeches could alter peoples perception and turn the tide of the real estate cycle sooner than later.

4. Patience is a key virtue in real estate.

I would really appreciate your comments and thoughts on how much you see a new president affecting the real estate market in the near and distant future.

Thanks