With election season upon us, many people are wondering will the housing market take a hit? Let’s break down the key insights from experts and take a closer look at some compelling data. I’m Cristina Edelstein, team leader and realtor with Kerby and Cristina Real Estate Experts. First, let’s look at history. Over the years, we have seen that housing markets tend to show remarkable resilience around elections.
A look at the past ten presidential elections shows that home prices have generally continued to rise, regardless of the election outcome. Check out this graph. It illustrates that in most cases, home prices don’t dip during election year. In fact, they have often increased. This suggests that while elections are significant, you don’t necessarily lead to market downturns. Next, let’s talk about buyer and seller sentiment.
