Finally an economist talks about some new, positive stuff! Jason welcomes guest expert, Frances Donald, Senior Economist at Manulife Asset Management and Chief Economist at John Hancock Financial Services. Frances is a wealth of information as she shares CEO, consumer and investor sentiment numbers with regards to the housing market and the job market. Jason can’t seem to pin Frances down on whether or not Trump, our first real estate president, is responsible for the growing economy but she does acknowledge the stock market is rallying based on the promised policy changes.
The expectations among CEO’s, investors and consumers are the economy will be in a more favorable environment moving forward.Click to tweet
Frances says despite student loan debt and banks being reluctant to give mortgage loans to younger people the pent up demand leaves room to run in the real estate market.
[4:42] Frances has a positive outlook for the U.S. economy based on the investor sentiment survey.
[7:24] Does Trump deserve credit for the good economic forecast?
[8:41] The challenge for the housing market moving forward is that interest rates are moving up.
[11:42] Companies large and small are feeling more optimistic with Trump as president.
[13:23] Residential investment or housing is a small percent of the total economy.
[18:00] Frances Donald shares the two drivers of rental housing.
[20:32] The natural relationship between housing and rentals is currently broken.
[24:11] Wage growth and how it relates to demographics.
We tend to talk about housing on a national level but there are regional markets and different tiers of housing to consider.Click to tweet
Mentioned in This Episode:
There are fewer multipliers to growth from a rental market than there are from a housing market.Click to tweet
Guest: Frances Donald
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