How Do Presidential Elections Impact the Housing Market?
Even if you’re not looking to move right away, you may have questions about how the election will impact the housing market. When we look at historical trends, combined with what’s happening right now, we can find your answers. Based on historical data, mortgage rates decrease in the months before and home prices and sales increase the year after the election. The facts show Presidential elections only have a small and temporary impact on the housing market.
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The Home Run Team, Ltd. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. The Home Run Team, Ltd. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
Expect a continued difficult, but busier housing market
One of the biggest questions on everyone’s minds right now is: when will mortgage rates come down?
Historically, the number of homes for sale tends to drop during the cooler months – and that means buyers have fewer options to choose from.
When asking yourself whether or not you should sell as is, consider these pros and cons.
Most sellers completed at least minor repairs when selling their house. But sometimes life gets in the way and that’s just not possible.
You may have seen online that people are upset with investors "buying all the homes." But that's not exactly true.
If you're looking to buy, but you're waiting for mortgage rates to come down, try to focus on what you can control.
With the holidays right around the corner, homeowners planning to move have a decision to make: sell now or wait?
Chances are you’re hearing a lot about mortgage rates right now, and all you really want to hear is that they’re coming back down.
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