🏡 Are you wondering if the upcoming election will affect your plans to buy or sell a home? Let’s break it down!
In this video, Jonathan Owens from Owens Realty Team powered by Fathom Realty explains how elections typically impact the housing market. Historically, elections have had only a minor effect on housing decisions, and here’s what you can expect:
- Sales Activity: Home sales might slow down in November during election years but usually pick up in December and rise the following year.
- Home Prices: Prices tend to increase in the year after an election.
- Mortgage Rates: Rates often decrease from July to November in election years, making homebuying more affordable.
🔑 Key Takeaway: Presidential elections have a small and temporary impact on the housing market, so for most buyers and sellers, your plans shouldn’t be affected.
đź“ž Need Expert Advice? Contact me to understand how the current market trends can impact your buying or selling decisions. I can help you navigate with clarity and confidence.
