Monday, September 28, 2020

How Will the Presidential Election Affect the Housing Market?

Here are my thoughts on the potential impact of the election on our real estate market.

I knew this question would come my way sooner or later: A home seller recently asked me how the upcoming election would affect the real estate market. I imagine I’ll be hearing that question more and more as we get closer to November 3, so I wanted to give a detailed answer today.

Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety, or use these timestamps to browse specific points at your leisure:

0:50- Why nobody truly knows how elections will impact the market

1:45- How office space and retail real estate will be affected

3:05- My thoughts on how interest rates will be affected

4:05- How sale numbers change from election years to non-election years

5:02- How our economic situation is different from other areas of the country

6:31- Wrapping things up

If you have any questions for me about the market or real estate in general, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.

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