President Trump has hit the mark with his economic plan once again. The past three years have been record-setting months as expected financial marks are surpassed and things continue to grow. There has been excellent job growth and the formation of a strong housing market because the President is doing things right.
Chief economist David Berson has said “Economic figures from early in the year were probably negatively affected by the government shutdown as well as the impacts of higher interest rates over the second half of last year. Despite that, we believe that the housing market is poised for another solid year as slower house price growth and lower mortgage rates help affordability, while job gains and faster income growth sustain demand.”
He is right that even during what seemed like impossible times of growth the economy grew like crazy. All the credit goes to President Trump because he is the one that stood alone and cut taxes, rolled back regulations, and has worked hard to stabilize industry that was nearly destroyed under the Obama era.
The sad thing to see is the former president trying to take credit for all the growth that clearly started because President Trump made it a point to fix all the mistakes that Obama has made.
The housing market is currently at its highest position in the past three years. So many new jobs have been added that business is starting to have to get creative to attract the right people. New jobs and a strong household formation is what is driving the growth.
The LIHHM rankings showed that “Through the first quarter of 2019, more than half (221) of the LIHHM regional performance rankings were positive, and only 27 were negative. By comparison, only nine LIHHM regional performance rankings were positive at the end of 2005 – just before the last housing crisis – and 255 were negative.”
There has been such a market turn around since President Trump took office that it will be extremely hard for any person to have a chance of beating him in 2020. Even the skeptics that have been riding the fence on their support of Trump have started to join the ranks of Trump supporters.
Any person with any ability to think will have to admit that the economy and the housing market are at an all-time high. There is no other reason for this record growth other than to say it is because of what the President has done for the nation.
The housing market has had to make a turn around since 2017. Two years ago home sales fell by three percent which in turn caused a slowdown in 2018. Mortgage rates jumped by overall percentage point caused slow sales. But the turn around has come as a result of what the president has done over the past three years.
One can only imagine how far the housing market would have declined had not the President stepped in and fixed the mess that Obama had created just a few short years ago.
When a person buys a home there are several things that they are going to look for that will help them decide that it is the right time to buy. Home buyers want to see the regional population increasing, they want to see job growth and finally, they want to see homes that are affordable.
The president has created an atmosphere of growth in every region across the country. Almost every city is seeing population growth because of a growing job market. And the cost of housing has become affordable because wages are up and the interest rates are low.
The president has single-handedly put more money back into the pockets of Americans through his tax cuts. He has created a favorable environment for small businesses to flourish.
This has led to more jobs than ever before being available. And the president continues to cut out regulations that Obama thought were good but was actually destroying the atmosphere of growth.