Q&A: How Do Presidential Elections Impact the Housing Market?

Q&A: How Do Presidential Elections Impact the Housing Market?

Even if you're not planning to move immediately, you might have questions about how the upcoming election could affect the housing market. By examining historical trends alongside current conditions, we can provide some clarity. Historical data shows that mortgage rates tend to drop in the months leading up to the election, while home prices and sales often rise in the year following it. Overall, the evidence indicates that Presidential elections have only a minor and temporary effect on the housing market.