Home Topics in Depth Economics Trump Win Could Usher in Boom for U.S. Housing, Says Shiller

  • Purveyor (2634 posts)
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    Trump Win Could Usher in Boom for U.S. Housing, Says Shiller

    by Alister Bull
    December 27, 2016, 10:55 AM EST

    • Rising mortgage rates may spur more buying now to get ahead
    • Says ‘I want to see Trump’s actual policies’ and what can pass

    Donald Trump’s unexpected victory in the November U.S. presidential election could prove a pivotal moment for the U.S. housing market, according to economist and Nobel laureate Robert Shiller.

    “I think we’re at a turning point. The numbers that we’re reporting today are October, before the Trump election, and everything looks different now,” he told Bloomberg Television’s Alix Steel and David Westin. “There might be a Trump boom coming.”

    S&P CoreLogic Case-Shiller data released earlier on Tuesday showed that home prices in 20 U.S. cities maintained a steady pace of increases in October, rising by 5.1 percent, while a gauge of nationwide property values rose by the most since mid-2014.

    Shiller, a professor of economics at Yale University, said that this trend might continue, or it might accelerate.

    MORE…

    https://www.bloomberg.com/news/articles/2016-12-27/trump-win-could-usher-in-boom-for-u-s-housing-says-shiller

     

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6 replies
  • Magical Thyme (2847 posts)
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    1. i know that after a lull in October/early November

    zillow views of my home suddenly surged, from ~2000 to ~3000, with saves jumping from ~20 to ~30. Fingers crossed I’ll get it sold in the spring so I can downsize the house, lower my col, pay off my student loans and be debt-free again.

  • liberal at heart (1086 posts)
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    2. we've already seen what a housing boom can do to its citizens here in Seattle.

    it’s called an explosion in the number of homeless people you have.

  • misanthroptimist (640 posts)
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    3. Suits me

    I just had someone offer me exactly what I was wanting. Hopefully, I’ll be out of FL for good come summer.

    "We watched the tragedy unfold; We did as we were told; We bought and sold; It was the greatest show on Earth; But then it's over" -Roger Waters, Amused to Death
  • FanBoy (6331 posts)
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    4. We don't really need any more housing. It's just a profit mechanism

    for certain sectors of capital to game.  So much real estate already sitting empty.

  • Hydra (244 posts)
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    5. We're already overbuilt in my area and still going

    Looks a lot like 2006 out there…

  • Akallabeth (2234 posts)
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    6. Nothing spurs moves quite like Urban Renewal.

    Price of gas going up, means lots of older apartment buildings coming down.

    "Out of many, one"