How The Presidential Election Could Change the Housing Market

Wondering how the 2024 presidential election might impact your real estate plans? Here are the key points:

Home Sales Slowdown: Expect a temporary dip in home sales in mid to late October and November due to election uncertainty. Sales typically rebound in December and increase the following year.

Home Prices Rise: Historically, home prices have increased yearly, even during elections. The only exception was 2008.

Mortgage Rates: Mortgage rates often trend down during election years, potentially easing this year to improve affordability.

While the presidential election can cause short-term impacts on the real estate market, these effects are usually minor and temporary. Maximize your real estate opportunities and navigate the housing market confidently by reaching out today! 🌟

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