I’m more focused on the actual outcome for the real estate market and insight you guys may have (not the politics of the situation). I’ve included the excerpt below
“Real estate was the worst performing S&P 500 sector, shedding 2.6%. Real-estate developers rely heavily on debt financing, and borrowing costs look set to climb with rising bond yields.
The yield on the 10-year Treasury, which influences mortgage rates, rose to 4.425%, its highest level since early July.
Home builders were also among the worst performers, with investors expecting higher mortgage rates to dent demand.”
So is the idea that mortgage rates will rise sometime later in the next couple of years ? Also a big issue has been home affordability - how do you imagine it will change during the Trump admin? It’s hard to imagine prices coming down in the Austin area - so will affordability change any?
