Election Effect On Housing Market

Btig a research and analysis company looked at new home sales from 1963 through 2019 in their report titled one house two house red house blue house.

Election effect on housing market. The years following elections showed a more typical 8 seasonal drop. While presidential election years may cause consumer weariness another study looked at how the housing market performs after too. Even with massive damage to the stock market and dozens of industries all but collapsing we won t start to see the effects play out on real estate pricing for a.

The data for the year after an election shows the median change in home sales during the fall is only 8. Neither political party can claim to have a perfect track record on economic issues. We asked agents to weigh in on the upcoming election to see what insights they had to share about the overall market across the country and in specific parts of the nation.

Many real estate regulations and tax laws are decided at the state level so local elections matter too. But in the past this has proven to be a momentary change in buying behavior. Think of it like a tsunami that follows an earthquake.

Depending on the results of the election new tax laws could have an effect on the housing market. In daily dose featured government news august 18 2020 5 419 views the 2020 presidential race is pivotal for many reasons including its implications for the housing industry which often. Meyers research and zonda a leading real estate research firm found additional data that the year following an election can be the best of the presidential term for home sales.

Is there a drop off in home sales during a presidential election year. This is of course right around election time. They noted that in non presidential years there is a 9 8 decrease in november compared to october.

It s also important to look at the individual income tax rates of the candidates. In general presidential races breed. Elections affect the housing market less than people might think.