Since Donald Trump was elected president last week, mortgage rates have jumped by half a percentage point and tech stocks have fallen. That could put a damper on the Bay Area real estate market if it persists.
You’d think having a real estate tycoon in the White House would be good for real estate. And it might be. Some of his proposals — such as boosting infrastructure spending and cutting mortgage regulations — would be bullish. But they could have side effects that offset the positives.
http://www.sfchronicle.com/business/networth/article/Trump-win-may-shake-up-Bay-Area-housing-market-10619443.php
Since Donald Trump was elected president last week, mortgage rates have jumped by half a percentage point and tech stocks have fallen. That could put a damper on the Bay Area real estate market if it persists.
You’d think having a real estate tycoon in the White House would be good for real estate. And it might be. Some of his proposals — such as boosting infrastructure spending and cutting mortgage regulations — would be bullish. But they could have side effects that offset the positives.