President-elect, Donald Trump has caused such a stir since election night all many fronts. No matter your thoughts on the newly elected commander and chief, he might have a HUGE effect on the housing market.
Trump is promising to raise the national GDP by 3.5% to 4%. If this is true, it will create thousands of new jobs for people with families who will be in the market for new homes. Florida is in line to benefit tremendously if that happens.
Either way, experts do not foresee any negative impacts a Trump presidency will have on the housing market. In actuality, these same experts expect a leveling out and a stabling effect to come from the housing sector. They see the market returning to normal and steady growth.
With job growth already in effect here in Florida and the potential impact of the completion of the Panama Canal project, puts Florida in a prosperous state for growth.
Investors and experts do not see a potential impact of raised interest rates on the market. At the same time, they see the private and commercial housing markets in Florida and across the southeast to be active and lucrative.
Whether or not Donald Trump has anything to do with it, Florida seems to be in the crosshairs continued growth.