HOUSINGNEWS REPORT
LEAD ARTICLE
TRUMP HOUSING BUMP : BUILT TO LAST OR PURELY BOMBAST?
BY DAREN, BLOMQUIST, EXECUTIVE EDITOR
Nearly six months into the tumultuous presidency of Donald J. Trump, an already red-hot real estate market is burning even hotter despite the lack of any major housing policy changes enacted by the new administration or its allies on Capitol Hill.
“We’ve certainly seen what the stock market has seen, the Trump Bump,” said Jason Hartman, founder and CEO of Platinum Properties Network, which helps real estate investors acquire income property across the country. “Since the election people have rushed into the market. I can feel it. We don’t have enough inventory to sell to investors.”
That low inventory combined with surging demand from investors and other buyers is continuing to place upward pressure on U.S. median home prices, which rose 8.7 percent from a year ago to $215,500 in Q1 2017 — the largest year-over-year increase in three years — according to data from ATTOM Data Solutions.
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JULY 2017 | ATTOM DATA SOLUTIONS
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