Marcus Hiles notes that there has been much speculation about how President-elect Donald Trump will affect real estate policies when he enters office in January. Many investors are looking forward to having a businessman in the role of President of the United States, believing this is an opportunity to lessen many of the regulations being applied to businesses. Even with his extensive background in real estate, Trump has been mostly silent about what his impact in this area will be. According to a recent Forbes article written by Lawrence Yun, the Chief Economist of National Association of REALTORS, one of Trump’s biggest influences on the property industry could be changes in some form to the Dodd-Frank financial regulation. “A clear positive would be the lifting of compliance costs imposed on small-sized banks. Around 10,000 local and community banks have traditionally been the source of funding for construction and land development loans. With less regulatory burden, these small banks can make more loans and will boost home building activity – something that is needed in the current housing situation.”

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Marcus Hiles Notes Potential Benefits Of New Presidential Administration

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