How can the budget deal impact real estate?

Posted on Feb 09, 2018 08:59 AM EST
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How can the budget deal impact real estate?more big
How can the budget deal impact real estate?

A bipartisan budget deal slated for a Congressional vote Thursday would boost federal spending by nearly $300 billion, sending government debt soaring to nearly $1 trillion in 2018 and setting in motion a ripple effect that would ensure mortgage rate hikes, economists said.

If passed by Congress, the two-year budget deal would inject $20 billion into infrastructure programs while presumably hoisting the construction industry with temporary jobs in wild fire- and hurricane-ravaged areas of California, Texas and Florida through disaster relief funds.

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