How Will Trump Effect Real Estate?

President-elect Donald J. Trump‘s win could be good for the housing market, but it’s too soon to make any definitive comment.

The president-elect ran on a platform of deregulation, and that bodes well for real estate because this could allow banks the latitude to lend more to homebuyers. Another potential plus is Trump’s talk about spending $1 trillion on infrastructure. This could juice the national economy, resulting in more people buying houses.

But in Washington state, Realtors may be fretting over Trump’s tough protectionism talk. The president-elect pledged to pursue a 45 percent tax on imported goods from China, for instance, and said he would keep Boeing from sending jobs to the country.

The possibility of such actions sparking a trade war could be devastating in Washington, which is considered the most trade dependent state in the country.

Many statements Trump made before he won he has backtracked on either slightly or completely. For instance, first he pledged to deport 11 million undocumented immigrants, but later said he would allow exceptions and let some stay. At this point we won’t worry about his tough protectionism talk until he starts to do anything he said he would do..