HOUSINGNEWS REPORT
LEAD ARTICLE
WHERE HOMEBUYERS ARE MOVING
Q1 2017 PRE-MOVER INDEX
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became law in 2010 in response to the wild west lending practices of the last housing boom — would be the single biggest policy-driven impact that Trump and his fellow Republicans in Congress could have on the housing market, according to Hartman, the Las Vegas-based investor, coach and hard money lender. “It’s harder to finance properties with Dodd-Frank. It’s a poorly written bill,” Hartman said. “If Trump repeals or softens Dodd-Frank that will allow a lot more money to flow into the real estate market. … I think it will be good for everybody.”
If Trump repeals or softens Dodd-Frank that will allow a lot more money to flow into the real estate market. … I think it will be good for everybody.” JASON HARTMAN FOUNDER AND CEO PLATINUM PROPERTIES NETWORK LAS VEGAS, NEVADA
Loosening Lending One tangible action Stark is observing post-election is that lenders are lending more freely. “Banks are rushing to lend money to apartment developers,” he said. “We see all this crazy business lending.” The loosening of the credit box, — specifically in the form of repealing or relaxing the Dodd-Frank bill that
election, he does see the election helping to pour more gasoline on an already hot fire. “I think the election had a positive effect because if nothing else the person who was elected was telling people, things are going to be great. I guarantee it,” he said. “When you give people hope, they go take action. And that’s what he did. … He gave people hope.”
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JULY 2017 | ATTOM DATA SOLUTIONS
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