Sunday, November 20, 2016

Trump win may shake up SF Bay Area housing market

Since Donald Trump was elected president last week, mortgage rates have jumped by half a percentage point and tech stocks have fallen. That could put a damper on the Bay Area real estate market if it persists.

If Trump deports undocumented immigrants and builds a wall to keep out new ones, demand for apartments could drop, because most of them rent. Legal and illegal immigrants and their descendants could account for 88 percent of population growth over the next 50 years, according to the Pew Research Center.

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