5 Cities That Are Likely To Thrive Once Trump Takes Office
Written by
Heather Altamirano
Edited by
Rebekah Evans
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As President-elect Donald Trump prepares for a second term, there are many unknowns about the economy and other important issues for voters, but one thing is for sure-there will be a shake-up in the real estate market.
“Trump’s return to office will be no exception,” said Yawar Charlie, director of estates at Christie’s International Real Estate of Southern California.
“As a luxury realtor who’s navigated my share of administrations and their effects on the housing market, I’ve learned that shifts in policy always create opportunities — if you know where to look,” he explained. “Whether you’re cheering or cringing, Trump’s policies are bound to give certain cities a boost.”
According to Charlie, these cities may really thrive under Trump and here’s why.
Dallas
According to The Fort Worth Star-Telegram, Texas businesses are excited about Trump’s comeback and remain hopeful for new opportunities that will lift up industries — such as aerospace, defense and energy — which will help continue the state’s growth.
“I really believe that the Texas miracle, as a result of what happened both in Texas and federally, is alive and well,” Glenn Hamer, president and CEO of the Texas Association of Business, told The Fort Worth Star-Telegram. “And the state will reach new levels of prosperity under the upcoming federal administration and the continuation of great leadership in the state of Texas.”
“Dallas is already thriving in tech, healthcare and finance,” Charlie explained. “Trump’s focus on economic growth and corporate success will only add fuel to this powerhouse city’s fire.”
Houston
In addition to Dallas, another big Texan city is expected to continue to thrive. According to Charlie, Houston is likely to experience a job surge when Trump pours resources into energy, as he’s said he intends to do.
“With Trump likely to boost the energy sector, Houston’s oil and gas jobs could soar. When the energy sector booms, so does Houston’s real estate — simple as that,” Charlie said.
Las Vegas
Las Vegas has always been a city that isn’t afraid of expansion and change — and according to Charlie, it could boom even more.
“Vegas is primed for growth under Trump,” he explained. “His pro-development stance and business incentives could make it even more of a hotspot for entrepreneurs and big projects. The city thrives on optimism and risk, just like the man himself.”
Miami
The local economy in Miami could flourish once Trump steps back into the White House, according to Charlie.
“Miami thrives on international buyers and Trump’s pro-business, low-tax approach could supercharge its luxury market,” he said. “It’s the go-to for global investors looking for a sunny, safe haven.”
Phoenix
With its lower cost of living (according to Motley Fool data), appealing mild climate and plentiful job opportunities across a diverse economy of healthcare, technology and business, Phoenix is a city to watch.
“Phoenix is affordable, growing and business-friendly,” Charlie explained. “If Trump’s corporate tax policies bring more relocations, Phoenix will ride that wave straight to the top.”
With Trump’s promise of opening up more affordable housing (as reported by CNBC) and proposed plans for businesses and the economy, some areas will significantly benefit, Charlie said.
“While these cities may thrive, real estate is always about strategy and timing,” he added. “Trump’s policies will create opportunities, but it’s important to stay flexible and play the long game — because in real estate, that’s how you win, no matter who’s in the White House.”
Editor’s note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on GOBankingRates.com.
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