As we get ready to install a new US President, it will bring about many changes in real estate around the country. There is already talk about repealing the Dodd/Frank Act. In my opinion this will be a mistake and allow for the beginning of the collapse of real estate as we knew it back in 2005-2009. It will be the wild, wild, west all over again with lenders giving loans to anyone wanting one without any requirements of having a job, a down payment, or any assets. Hold on to your seats if this scenario happens. Yes, real estate will be active again. We will all be busy, but will it be good for us?
Interest rates are going to be also rising soon. Talk of this is supposed to happen right after the first of the year. Even a point can disqualify new home buyers who today can afford a home but tomorrow will not be able to.
What are your thoughts? Curious to see if anyone is thinking what I am thinking. May PEACE be with us all.