As a follow-up to last week’s post about what a Trump presidency will mean for mortgage rates, I wanted to come back to this with a post by Lawrence Yun on Forbes.com. Lawrence is the Chief Economist for the National Association of Realtors, and a man infinitely more qualified than I to pontificate about all of this. But it’s my blog, and I can use the word pontificate here.
Read Lawrence’s opinion here. It’s long, but good. If you want the bullet points:
There are more, but those were my big takeaways. If you need any help or someone who can manage your property then click here.
Here’s the long and short of it all. No one knows. Part of what creates all of this uncertainty is that President-elect Trump has not provided much of anything in the way of a coherent policy, so much of what we’re seeing now is a best-guess shot in the dark. Expect to continue to see things settle as the Trump team prepares for the transition, and I suspect as we get closer to Inauguration Day, we’ll have a clearer idea of things to come.
Isn’t this fun?