DALLAS--(BUSINESS WIRE)--American housing market has undoubtedly a great stake at the nation’s trade and labour relationships. Political agendas have reshaped the property sector under President Obama, and will continue to have future impacts as President Trump took office. A renowned Dallas developer and property investor, Marcus Hiles, argues that benefits can be appreciated from the policies of both men as applied to the real estate industry.
President Obama's first term invested extensive time and energy digging out from an economic challenge to rebuild the real estate market and the economy as a whole. Marcus Hiles notes that during Obama's second term, the property industry realized increases in both commercial, as well as residential projects, enhanced by a robust rental market. As President Obama's time in the White House came to conclusion on 20 January, real estate has shown significant improvement - low interest rates, an improved GDP, and an additional boost from large, high-end commercial projects.
As Trump assumed his presidency, Marcus Hiles expects his extensive experience in real estate to affect policy. As noted in Forbes article by Lawrence Yun, expectations of short term economic stimulus from a "combination of tax cuts and government spending in the form of upgrading nation’s infrastructure and for national defense" indicate there will be positive growth in the first half of 2017. Additionally, a modest rise in interest rates, inspired by an accelerated GDP, should give consumers confidence, equating to an improved overall economy.
A real estate developer for over three decades, Marcus Hiles has created 15,000 properties located in remarkable communities across the Texas. His dedication to improve environmental conditions through his housing projects has earned his properties high praise and national awards for their five-star hotel amenities and affordability.
About Western Rim Property Services:
Western Rim Property Services, Inc. develops, owns, and manages apartment homes in Dallas/Fort Worth, Austin, New Braunfels, San Antonio, and Houston, Texas. Known to offer a contemporary, high quality and luxurious lifestyle to its residents, the firm’s mission is simple: build the highest quality homes in the very best locations, maximizing views with signature amenities, in superior school districts. This assures a rapid lease-up and excellent customer acceptance.