How Do Presidential Elections Impact the Housing Market?

by Keith Soldwisch

Are you wondering if the upcoming election will have an impact on the housing market? Here’s what history tells us you need to know if you’re considering a move.

Data shows home sales slow in November but quickly bounce back and rise the following year. Prices usually keep climbing. And mortgage rates typically come down slightly.

According to Lisa Sturtevant, Chief Economist at Bright MLS:

“Historically, the housing market doesn’t tend to look very different in presidential election years compared to other years.”

Presidential elections have only a small and temporary impact on the housing market. If you have questions about what this means for your move, let’s talk. Give us a call at (515) 329-4667 or email us your questions at zelda@zealtynow.com.