DALLAS, Jan. 24, 2017 /PRNewswire-USNewswire/ -- Real estate market is one of the leading economic forces influencing the United States 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 just days ago, Marcus Hiles forecasts how his extensive experience in real estate will 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 raising the bar on expectations and lifestyles for the rental property market, while actively working to improve environmental conditions, have earned his properties high praise and national awards for their five-star hotel amenities and affordability. His philanthropic contributions to education, and his generous funding of three large churches, underscore his commitment to improving the lives of others.
Marcus Hiles - Chairman & CEO of Western Rim Property Services: http://www.MarcusHiles-News.com
MarcusHilestx (Marcus Hiles) - DeviantArt: http://marcushilestx.deviantart.com
Marcus Hiles (@marcus_hiles) - Twitter: https://twitter.com/marcus_hiles
Marcus Hiles - New Luxury Apartments in Frisco, TX - YouTube: https://www.youtube.com/watch?v=dmsJNbfOh-g
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/marcus-hiles---on-the-role-of-political-environment-in-real-estate-industry-300396258.html
SOURCE Marcus Hiles