How the new administration could shape opportunities—and risks—for the region’s housing sector.
After a pivotal presidential election for the real estate market, Donald Trump will return to the White House as President of the United States, four years after losing his bid for reelection.
He will become the nation’s 47th president, having secured the necessary votes in key battleground states. Additionally, the Republican Party regained control of the Senate.
Real estate experts in South Florida, quoted by realtor.com, suggest that Trump’s second term could give the region’s housing market a boost—though cautiously. Factors such as population growth, an influx of businesses, and a tourism-driven economy have already strengthened the area. However, the past year brought challenges, including high interest rates, rising construction costs, soaring insurance premiums, and a slowdown in home and condo sales.
Trump’s policies—such as stimulating the economy to lower interest rates—are expected to make housing more affordable and drive up demand. Lower corporate taxes and reduced banking regulations could also make it easier for developers to access financing, creating new opportunities for projects.
Despite the optimism, concerns remain around potential tariffs and changes to immigration policy. Tariffs could raise the cost of construction materials, as South Florida depends heavily on imports. Meanwhile, stricter immigration rules could worsen the labor shortage in the construction industry, driving up development costs. Still, many experts remain upbeat about the real estate outlook under Trump’s new term.