Are Election Years Good For Real Estate

Presidential election years have many effects on our society.

Are election years good for real estate. In fact the year after a presidential election is the best of the four year cycle. As one of my lender friends says what s bad for wall st. History suggests that the slowdown is largely concentrated in the month of november.

Getty it s no secret that the real estate market has a lon g road of recovery ahead. Multiple studies have shown that uncertainty resulting from an election year influences home sales. One effect that has been historically popping up during election years is the real estate market s response.

Yes according to a data analysis produced for the real deal by miller samuel ceo jonathan miller who examined co op sales in new york city between 2008 and 2019. Meaning the real estate market. However since the headlines are saturated with the latest poll numbers and candidates remarks house prices.

For instance in elections where the winner received less than 55 of the vote the number of home sales dropped by as much as a third and a half of a percentage point. An election year s effect on the real estate market has also been shown to be more severe during years in which the race is close. Is good for main st.

As the day to day work of. Of the questions i frequently get asked is if 2020 will be a good year to invest in residential real. Experts predict an interest in larger spaces but a rise in construction costs.

This suggests that demand for new housing is not lost because of election uncertainty rather it. Offering additional services like financial advising staging marketing and high tech resources might be the only way for agents to stay in the real estate game moving forward. You can get help from a real estate agent and purchase a home without having to pay for.