Election Effect On Real Estate

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.

Election effect on real estate. Elections and the general us real estate market 2021 forecast real estate market trends tell us that election years lead to a drop in home sales from october to november by 15 according to findings by btig. However the majority of the impact is temporary due to the uncertainty of which candidate will win. The true consequences of the election on real estate markets will likely take a couple of years to materialize.

The following year fall sales only dropped by 8. The change in home sales went down by 15. Any other changes to the real estate market have more to do with the individual candidate s tax plans and overall policy plans than the actual election.

This happened right before the elections. The biggest difference was in september when sales volume was 12 7 lower. Grant cardone discusses on how joe biden or donald trump s being elected president could affect on the real estate market realestate investing cashflow.

Bottom line if mortgage rates remain near all time lows the economy continues to recover and unemployment continues to decrease the real estate market should remain strong up to and past the election. Weather the storm and hope it passes quickly. Research tells us that during an election year there is an even greater drop.

As far as the real estate market goes during the elections selling your home may be very difficult compared to another time. Opportunities for investors and consumers to seize will present themselves based on what industries a president focuses on and how well their administration works with congress. In non election years typically home sales only drop by 10 for these months.

From june through october in election years sales grew progressively weaker compared with non election years.