Do Election Years Affect Real Estate
In a separate analysis from 2012 real estate site movoto uncovered a similar effect using data from the california realtors association to look at presidential elections.
Do election years affect real estate. That s because during an election year home prices tend to rise more slowly. In fact the year after a presidential election is the best of the four year cycle. Let s take a look at what these elections can mean for real estate prices home sales and property related taxes.
Even the performance of the stock market can affect the real estate market. Read the full article. The agenda of the president elect can make a great impact on the market due to the rate of federal funds.
Appreciation may drop off during an election year historically speaking election years are good for buyers. History suggests that the slowdown is largely concentrated in the month of november. In 2012 analyzing data by the california association of realtors movoto a real estate technology company concluded that in presidential election years price appreciation falls about 1 5.
Multiple studies have shown that uncertainty resulting from an election year influences home sales. How is real estate affected by a presidential election. Election results do not affect the real estate market as such.
This suggests that demand for new housing is not lost because of election uncertainty rather it. A myriad of things are affected as election day creeps ever closer including commerce and our economy. So how much more could the 2020 election do to the us housing market.
Real estate experts are of the view that property prices rise after elections. This can impact mortgage rates tremendously. Elections have historically affected house prices with a slightly lower percentage increase in value.