The Miami Herald conducted an interesting and thought provoking audit of local influencers in the wake of the Trump Election (here). Their piece sought to assess the reaction of professionals who are active in local real estate, one of South Florida’s biggest industries. The Herald spoke with realtors, developers, economists, bankers, and lawyers about short and long term outcomes. They asked “Will a new president – especially a political unknown like Trump – mean uncertainty for Miami real estate? What will the election’s impact be on sales and developer activity?” Influencers also sounded off on whether Latin American investors would hesitate to invest in President Trump’s America after his strong anti-immigration stance.
Overall, you find in the article that respondents were mostly bullish. They reference Trump’s past as a businessman himself who understands the importance of foreign buyers. They hope that Trump realizes that trade will lead to greater growth and employment in America. Some believe the dollar will destabilize in the short term which will create opportunities for foreign investors. And others are heartened to hear of his emphasis on national infrastructure fortification and growing the economy.
ONE Sotheby’s President Daniel de la Vega struck a positive and informed note, telling the Herald that a conclusion to the race will inspire confidence in buyers. He explained “Some of his fiscal policies and less regulation could lead to economic growth. Jobs created in states that are most competitive will lead to a health more stable U.S. Most foreign investors look for stability and a democratic place to put their money. Overall, this country always finds a way.” He also voiced a sentiment I support completely by quoting Deepak Chopra, “ Perhaps the future no longer depends on a single leader but on each of us who can quietly dedicate our life to light, love and healing.” This is who we are as Americans and I look forward to guiding you on your next real estate adventure in this new market cycle. Let me know what you think about the article and reach out for more information.
With more than 15 years of success selling South Florida area real estate, Anna Sherrill is both respected and sought after by clients who trust her ability to maximize their purchase or sale experience. If you’re considering buying or selling an extraordinary residence, contact her today.