Marcus Hiles – The Likelihood of Regulatory Changes in Real Estate

Marcus Hiles – The Likelihood of Regulatory Changes in Real Estate

There has been much thought about how President-elect Donald Trump will affect real estate matters when he goes into office in January. Speculators are optimistic about a businessman playing an important role such as the President of the United States – seeing this as a strong chance of business restrictions being reduced. Undoubtedly, even with his wide association with real estate, Trump has been by and large quiet in regards to what his effect around this will be. Marcus Hiles is confident about the real estate situation and has been putting resources into regions of high development, for example, Houston. As per a current Forbes article composed by Lawrence Yun, the Chief Economist of National Association of REALTORS, one of Trump’s largest consequences for the property business could be change in the Dodd-Frank financial regulation. “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.”

Read more: http://markets.financialcontent.com/mng-lang.dailynews/news/read/33397404/Marcus_Hiles_