President Barack Obama’s first four years invested massive time and energy recovering from an economic challenge to rebuild the real estate market and the economy as a whole. During Obama’s second term, notes Marcus Hiles, the real estate industry realized growth in both commercial, in addition to residential projects, enhanced by a healthy rental market. According to the National Association of Realtors Economists’ Outlook, commercial property sales volume increased by 9 percent 2015, with a 7.5 percent capitalization rate, 85 basis points below the rate of 2014. As President Obama’s Presidency nears conclusion, real estate has shown major improvement. Low interest rates, an improved GDP, and an outside boost from large, high end commercial projects, complement what was noted by a Nov. 9, 2016 post on Financial Buzz, ” Interaction with global partners in the iron and steel industry to concentrate on high-rise buildings has improved the vertical landscape of the country.” Overall, the economic policies of President Obama allowed the industry to achieve decent growth.

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