Do Elections Impact the Housing Market?
During the month of November, in years when the Presidential election takes location, there’s typically a small downturn in home sales. The year right away 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 shows the real estate market stays strong and resistant.
Throughout the month of November, in years when the Presidential election takes location, there’s typically 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 costs decreased after an election is in orange. While it’s natural to feel a bit unsure during an election year, history shows the real estate market remains resilient and strong.