Dr. Ben Carson is getting the Palm State Mortgage Company nomination as the Housing Person of the Year!  Palm State Mortgage can’t wait to see what Dr. Ben Carson and his new brand of “Carsonomics” will do for housing.

Setting The Stage

The stage is set for Housing and Mortgage Optimism.  Do you see it in Florida’s Holiday Lights?  Do you feel it in the Orlando restaurants, stores and schools?  Is it

obvious as you walk down the streets of Winter Park to your workplace?  Does it echo in the holiday music and the bustling traffic?

Carson brings optimism

Optimism and Hope Come to Orlando

 

What is “it?”  Palm State Mortgage Company is prepared to coin the term “Carsonomics,” and it has been inspired by Dr. Ben Carson.

Ever since Ben Carson accepted the HUD captaincy, we have discovered a new optimism, a spirit of hope and joy twinkling in the eyes of our clients.  It’s an optimism that goes much further than the rosy bubbles of a standard holiday mood.

We at Palm State Mortgage Company are seeing that same  joyful optimism bubbling out of all kinds of people everywhere in the Orlando area.  This new Carsonomic age of optimism includes realtors, construction engineers, homeowners, architects, designers and landlords.

You can certainly see the optimism in Winter Park, where Local developer Dan Bellows is creating a 50-acre, mixed-use development.

Carsonomics Creates Optimism For The Working Man

Not far away, you can see Carsonomic optimism in the workmen’s eyes at the Ravaudage development at Lee Road and U.S. Highway 17-92.  Soon Ravaudage will make 546 new apartments and condominiums available.

You can certainly hear optimism in Kissimmee, at Margaritaville Resort Orlando.  There, Jim Bagley,  managing director and asset manager with developer Encore Capital Management, stated, “From second-home buyers to vacation rental owners and everyone in between, we look forward to welcoming all categories of visitors to experience the fun and escapism that will be housed at Margaritaville Resort Orlando.”

And the list of new construction projects and economic growth is sparkling like New Year’s champagne, and growing every day.  OwnAmerica CEO Greg Rand stated, “The housing market thrives on optimism, which is what the market is getting so far under President-elect Donald Trump. “

He added, “The biggest opportunity to boost housing at the federal level right now is for the Federal Housing Administration to adapt their multi-family lending product to be friendly to single-family investors.  I believe that proposal will get legs with Carson in charge of HUD.”

Ben Carson and the Lessons We Must Learn

If you are in the housing industry, or if you are hunting a house/mortgage situation, then Dr. Ben Carson’s book is required reading.  Within those pages you will see that

Carson Will Advance Working Class America to Home Ownership.

Carson Will Bring New Optimism to Real Estate and Finances.

Dr. Carson is energized by education, and the energy spills into his concept of what housing can become.  Within those pages and between the lines you will discover three central ideas to Carsonomics:

1.   Greg Rand stated, Dr. Carson “will see the home as the place kids do their homework and read.  He will recognize the impact housing can have on education.

2.  It is believed that Dr. Carson “will instinctively know that, to a kid, a home is more of a home when it’s a house.”

3.  This means that “Expanding access to capital for investors of Single-Family Rentals will make sense to him and he will green light the policy.”

Rand created a primer for Carsonomics by reminding us that an announcement like “Carrier is keeping 1,000 jobs in Indiana,” will become common place under his regime at HUD.

Motives For New Optimism

Although optimistic, Rand also had level-headed commentary indeed, on why investors and corporations are demonstrating a newly cooperative and expansive feeling.  It’s not exactly for unselfish reasons.  The optimism is the result of a completely new strategy.  Rand put it in straight talk:

The optimism is happening “Because American corporations have gotten pretty good at buttering up politicians in Washington.  The way they usually do it is by writing a check to their campaigns.  That won’t work anymore.”

Apparently the corporations are fast learners!  Rand added, “Instead, it’s better to give Trump a success to announce, a factory saved or opened and a failing company acquired.”

So we see American corporations doing the right thing, not out of the goodness of their hearts, but for selfish motivations.  However, we do not care what motivates that kind of optimism, as long as it grows and flourishes.

This new attitude of doing the right thing, “translates into confidence, which will help keep the homeownership rate up.”  Underlying the buoyant mood, we find some basic statistics.

Orlando, New Forcast

For example, the national housing forecast from Realtor.com 2017 forecast, placed Orlando among the fastest-growing top 100 metro areas.

In Orlando, Carson Brings New Results To Home Owners.

Carson Brings New Mindset.

This optimistic forecast leads us right back to some big data, proving that optimism could prevail, even a few months ago.  Jim Gilkeson, director of the University of Central Florida’s integrated business degree, stated, “In fact, cash accounted for about 37 percent of residential real estate sales last year, while conventional loans accounted for about 35 percent and FHA loans accounted for about 28 percent.”

Likewise, “Florida came in first for the number of completed foreclosures at 74,303.  According to 2015 statistics. Across the country, 472,659 foreclosures were completed in that same time frame.”

Putting it more poetically, Paul Ryan stated that Dr. Carson is “A shining example of overcoming poverty, he will put focus on dignity rather than dependence.”

That idea shows an American Spirit that is rising up with the new optimism of 2017.