Do Elections Impact the Housing Market?
During the month of November, in years when the Presidential election takes area, there’s usually a small decline in home sales. The year right now after each election is green if existing home sales increased that year. While it’s natural to feel a bit unsure during an election year, history reveals the property market stays strong and resistant.
Throughout the month of November, in years when the Presidential election takes place, there’s normally a small slowdown in home sales. Each year with a Presidential election is noted in blue. The year immediately after each election is green if existing home sales rose that year. The only year when expenses decreased after an election remains in orange. While it’s natural to feel a bit uncertain throughout an election year, history shows the real estate market remains resistant and strong.