No Sign of Real Estate Bubble Bursting in Boca Raton

Posted by Jean-Luc Andriot on Monday, November 21st, 2016 at 5:40pm.

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Will the Boca Raton’s Housing Market Change After President Elect Trump Takes Over?

There’s a lot of real estate buzz being created in the media lately about presidential elect, Donald J. Trump and what the outcome will be in the Boca Raton housing market. While many people are predicting an uptick in interest rates, there doesn’t seem to be a real effect on the luxury real estate market in the Palm Beach County neighborhood. In this blog, we bring some insight to the single family and luxury condominium communities and what to expect.

In the first place, let’s look at what the local market has been doing over the last few months for the Boca Raton area. Luxury prices in the real estate market for our city have climbed to 38% over the last few months. Taking into consideration the mix between the difference between homeowners who live here part time and using the property as their primary residence, this seems to lead to a healthy housing market thus far. But, will the real estate tycoon, soon to be president make the necessary changes to boost the economy?

Of course, one would assume as the electoral candidate, and Mr. Trump would be willing to have a focus on housing. One would also ponder whether his personal gain to investing will clarify any underlying motives. We can also guess there could be a conflict of interest when it comes to today’s single family and luxury condominium access and Mr. President’s involvement.

Another key point we wonder is what he will do with the great property known as Mar-A-Lago. Once the home of wife to E.F. Hutton, the twenty-acre estate is now a 6-star hospitality club. Many people predict he will continue to visit on a frequent basis to the “Jewel of Palm Beach,” provided his new home will be the White House. To the best of our knowledge, no rumors are circulating now he will sell the West Palm Beach property.

Furthermore, while Trump and his family settle into their new home, programs such as the Home Affordable Refinance Plan otherwise known as HARP, may become null and void. While low rates help to stimulate the economy in a positive manner, programs like these could be taken down under President Trumps orders. For those unfamiliar with this refinance program, the stimulus plan designed for the average homeowner who owes less than $625k on their property. Since this program is geared more toward middle-class, there’s no significant or drastic changes for luxury markets.

By the same token, many people in the middle-income continue to struggle with mortgages. However, we don’t hear of this happening as a common procedure amongst the affluent population. Each month Boca Raton Premier Properties announces the ten highest sold condos and housing per month to represent the strength of a robust marketplace. While we continue to post information on the types of homes sold throughout Boca Raton, Delray Beach, and the other neighboring towns, our sites are optimistic regarding the next exchange of buying and selling a property.

Notably, Mr. Trump has continued to impress the rest of the international market with his astounding prowess to his incredible super brand. Regardless of the fallen “Trump University” the man continues to understand a good purchase when he sees one. In a quote found on the site of Strategic Business Team, it would seem as if America’s next president will teach us a few things. In the article, Trump makes this statement “I have made tough decisions, always with an eye on the bottom line. Perhaps it’s time America was run like a business.”

It is, for this reason, many people out there regardless of political party will see how he’s going to make a great change to the way we are doing things.

While Trump and America have a lot to figure out, there’s quite a bit to notice about the portfolio of this wealthy investor. He’s made significant purchases across the globe with many South Florida properties added to the dossier. Hotels in Sunny Isles to Trump Towers in Istanbul, this man, and his family entourage have cornered the real estate and hospitality markets like a hungry wolf with its prey.

Although this may be true in contrast, there’s been no word whether land or buildings will come to our small town. His territory seems to stay in the larger cities rather than, the more modest in population. While Boca Raton may look like an ideal place for him to invest, the right parcel would have to cross this billionaire’s path.

At present, there’s no speculation on whether he or any of his siblings have an interest in the trendy Boca Raton immovables. Many of residents to this area may seem relieved to such a statement. However, the main point is it doesn’t seem likely to assume Boca Raton will be affected by the new presidential office.

In the meantime, our “City for All Seasons” seems to keep pushing forward with new economic development, improvement in recreational space and a flourishing community with job growth. While Trump may love real estate and golf courses, this is one town that is growing regardless of who takes a seat in the White House.

Henceforth as the man with the signature hair settles into his new address, the town of Boca Raton will keep developing as a city known for both country clubs and waterfront properties. The shoreline of the Atlantic will stay steady with a stream of wealthy homeowners moving to the trendy place. One thing we can say for certain, there’s no real sign of a housing bubble bursting around here. Regardless of who takes over the president’s chair, this coastal city will remain one of the most sought after places to buy or rent in Florida.

If you’re looking to buy or sell land or housing in the Boca Raton or Palm Beach County areas, please contact our luxury specialists who can assist.

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