Do Elections Impact the Housing Market?
Throughout the month of November, in years when the Presidential election occurs, there’s normally a small decline in home sales. If existing home sales increased that year, the year right away after each election is green. While it’s natural to feel a bit unpredictable throughout an election year, history exposes the real estate market remains durable and strong.
Throughout the month of November, in years when the Presidential election occurs, there’s generally a little slump in home sales. Each year with a Presidential election is remembered in blue. The year immediately after each election is green if existing home sales increased that year. The only year when expenses decreased after an election is in orange. While it’s natural to feel a bit unpredictable throughout an election year, history shows the real estate market remains durable and strong.