DALLAS–(BUSINESS WIRE)–American housing market has undoubtedly a great stake at the nation’strade and labour relationships. Political agendas have reshaped theproperty sector under President Obama, and will continue to have futureimpacts as President Trump took office. A renowned Dallas developer andproperty investor, MarcusHiles, argues that benefits can be appreciated from the policies ofboth men as applied to the real estate industry.
President Obama’s first term invested extensive time and energy diggingout from an economic challenge to rebuild the real estate market and theeconomy as a whole. MarcusHiles notes that during Obama’s second term, the property industryrealized increases in both commercial, as well as residential projects,enhanced by a robust rental market. As President Obama’s time in theWhite House came to conclusion on 20 January, real estate has shownsignificant improvement – low interest rates, an improved GDP, and anadditional boost from large, high-end commercial projects.
As Trump assumed his presidency, Marcus Hiles expects his extensiveexperience in real estate to affect policy. As noted in Forbesarticle by Lawrence Yun, expectations of short term economic stimulusfrom a “combination of tax cuts and government spending in the form ofupgrading nation’s infrastructure and for national defense” indicatethere will be positive growth in the first half of 2017. Additionally, amodest rise in interest rates, inspired by an accelerated GDP, shouldgive consumers confidence, equating to an improved overall economy.
A real estate developer for over three decades, MarcusHiles has created 15,000 properties located in remarkablecommunities across the Texas. His dedication to improve environmentalconditions through his housing projects has earned his properties highpraise and national awards for their five-star hotel amenities andaffordability.
About Western Rim Property Services:
Western Rim Property Services, Inc. develops, owns, and managesapartment homes in Dallas/Fort Worth, Austin, New Braunfels, SanAntonio, and Houston, Texas. Known to offer a contemporary, high qualityand luxurious lifestyle to its residents, the firm’s mission is simple:build the highest quality homes in the very best locations, maximizingviews with signature amenities, in superior school districts. Thisassures a rapid lease-up and excellent customer acceptance.