There has been much deliberation about how President-elect Donald Trump will influence real estate policy matters when he takes on office in January. Numerous speculators are hopeful to have a businessman in the role of President of the United States, taking this as a chance to decrease a hefty portion of the regulations being levied on businesses. Indeed, even with his wide experience in real estate, Trump has been for the most part quiet about what his influence around there will be. As indicated by a current Forbes article written by Lawrence Yun, the Chief Economist of National Association of REALTORS, one of Trump’s greatest impacts on the property business could be change in some shape 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.” Marcus Hiles is optimistic about the real estate situation and has been banking on high growth areas
According to study conducted by Harvard University, a number of factors around the country have contributed to this shift. Changes in the real estate and financial markets have led to over 43 million families and individuals opting to rent property — a record-breaking increase of approximately 9 million over the course of ten years, notes Marcus Hiles. Social trends may account for part of this, as the latest U.S. Census illustrated a large percentage of the population of Dallas falls between the ages of 20 and 29. Millennials are statistically likely to marry and have children later in life, and single individuals or those making less than $25,000 per year have seen the most movement towards renting over the last decade.
In late 2014, when the price of oil dropped dramatically, citizens throughout Texas suffered economically, with areas surrounding Houston taking the hardest hit. Marcus Hiles was excited to see that, as 2016 came to a close, the value of crude oil doubling since their February lows and active rig counts rising by 200 in recent months, helping both the oil industry and the Houston economy stabilize and continue growth trends. Mining and logging, the sector that includes oil and gas extraction, added 3,200 jobs in November alone, while the greater Houston metropolitan area continued job increases by half a percent, higher than in 2015. “Everyone can uncross their fingers now, because the worst is over,” explained Patrick Janikowski, senior vice president of research for the Greater Houston Partnership, in the organization’s annual predictions for the coming year, “2017 should be a further step on the road to robust growth.”
Marcus Hiles’ premiere estates are designed to enrich the lives of young professionals and families by providing on-site features outside of the residences themselves. The amenities vary by location. A resort-style swimming pool and sunny tanning deck are just the beginning. A gourmet summer kitchen gives a great environment for entertaining. Outside Wi-Fi lounges provide networking space while the social club room features HDTV to enjoy alone or with a group. Reserved and covered parking with limited access gates gives increased security while a 24-hour emergency maintenance service keeps amenities ready to enjoy. Pets aren’t left out of the loop either, as pet-friendly estates are available and community social events allow neighbors to get to know each other better.