Do Elections Impact the Housing Market?
Throughout the month of November, in years when the Presidential election takes place, there’s usually a minor downturn in home sales. The year immediately after each election is green if existing home sales rose that year. While it’s natural to feel a bit unpredictable throughout an election year, history reveals the real estate market remains durable and strong.
During the month of November, in years when the Presidential election takes place, there’s normally a small downturn in home sales. Each year with a Presidential election is kept in mind in blue. The year right away after each election is green if existing home sales increased that year. The only year when costs declined after an election is in orange. While it’s natural to feel a bit uncertain throughout an election year, history shows the housing market stays strong and durable.