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How Election Years Impact the Real Estate Market

Every four years, as the nation gears up for presidential elections, many homeowners and potential buyers find themselves wondering how the political climate might impact the real estate market. Understanding these patterns can help you make more informed decisions whether you're buying or selling. Watch the video below for a detailed analysis and expert insights on this topic.

Key Insights from the Video:

Transaction Volumes:

Historical data shows a 9.8% drop in real estate transactions during October and November of non-presidential election years.
This drop rises to 15% during presidential election years.
These transactions are often just delayed, not lost, with sales typically increasing in the year following the election.

Home Prices:

In 10 of the last 11 years following an election year, home prices have increased.
The only exception was in 2008 due to the broader financial crisis.

Mortgage Rates:

From July to November in election years, mortgage rates have historically dropped in eight of the last eleven presidential elections.
Lower rates can make buying more attractive during these times.

Affordability Factors:

Affordability is influenced by wages, home prices, and mortgage rates.
Currently, wages are rising, home prices are stabilizing, and mortgage rates are anticipated to come down, improving affordability.

Why This Matters:

Understanding these trends is crucial for making informed decisions in the real estate market. Whether you're considering buying or selling, knowing how election years typically affect the market can help you plan more effectively.

Stay tuned to my blog for more insights and tips on navigating the real estate market. Don't forget to subscribe to my YouTube channel for the latest videos and updates.

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Tags: #RealEstate #ElectionYear #HomeBuying #HomeSelling #MortgageRates #RealEstateTips