President-elect, Donald Trump has not officially been sworn into office, but Republicans in Congress are wasting no time in passing legislation that seems to foreshadow his political agenda. Dodd-Frank was […]
For many years, it has seemed that new home builders were ignoring first time home buyers to focus on the most lucrative demographics in the middle to high-end home market. […]
President-elect, Donald Trump has not officially been sworn into office, but Republicans in Congress are wasting no time in passing legislation that seems to foreshadow his political agenda.
Dodd-Frank was put into action by the Democrats in Congress, and with the full backing of President Obama, in 2010 for the sole purpose of trying to reign in financial institutions in hopes of avoiding any future economic downfall.
Trump has made it clear during his campaign that he feels that Dodd-Frank has put a strangle hold on economic growth and has vowed to have it reversed. His campaign promise seems to be on its way toward fulfillment.
At the current moment, there seems no way to get this billed passed as Congress is lame-duck and President Obama vowed to veto it. The future of the bill sits with the new Congress, led by a Republican majority and the soon to be Trump administration.
Trump and the Republicans in Congress see Dodd-Frank as a complicated and overly restrictive bill. The new bill would allow large banks with over $50 billion in assets to no longer be deemed as a threat toward a future financial crisis.
The ease would allow for these institutions to ease up on lending practices and make borrowing easier to those in small business and those living on Main St. This action would produce growth in the housing and business market.
Proponents of the legislation state that the reason the bill is being pushed is to give a payback to Trump supporting Wall Street financiers.
Whichever it is, one thing is clear, economic growth would be beneficial for commercial and retail America.
For many years, it has seemed that new home builders were ignoring first time home buyers to focus on the most lucrative demographics in the middle to high-end home market. The housing market had made it apparent that in this post-recession time that prices are rising quickly and first time home buyers have been priced out.
Well, that seems to be a thing of the past. Not that the market is not seeing tremendous upside growth, but that home builders might be changing their target.
By spending years building homes for those with easy access to funds, less credit restraint, and high-end tastes they have created enough homes to meet demand while creating a shortage of smaller, more affordable homes. Reports are apparently shedding light on the fact that sales of medium size, single-family home sales have decreased up to 70%, while homes under $200,000 have increased dramatically.
As one would expect from any keen business person, one should follow supply and demand.
Statistics show that the job market has produced more income and the demand for home buying is there. Couple that with the fact that the number of sales units are decreasing and it becomes clear that the buyers are not willing or able to afford the larger, higher priced homes that have quickly become available via new home builds focused on the medium to higher end buyers.
Smart money follows the trends. The smaller, single family new homes market has been ignored for too long. It is time to build and profit from the clear demand of this overlooked market segment.
Major Crash Averted?
UncategorizedPresident-elect, Donald Trump has not officially been sworn into office, but Republicans in Congress are wasting no time in passing legislation that seems to foreshadow his political agenda. Dodd-Frank was […]
First Time Home Buyers Are Being Targeted
UncategorizedFor many years, it has seemed that new home builders were ignoring first time home buyers to focus on the most lucrative demographics in the middle to high-end home market. […]