Blog

How Will the Presidential Election Affect Real Estate?

It’s likely that general economic trends and interest rates will have an impact on the market than political changes. This is, of course, vastly different than the stock market, which responds immediately (and in some cases, dramatically) to election and other news.

Interest rates have ticked up slightly since the election, but not dramatically, and as of this writing, they have flattened out. Also, we had generally expected that rates would climb (we’ve been expecting it for at least 2 years!).

Of course, policy dictated by a new President can have an effect on the housing market. As of yet, we have not seen policy proposals that will directly impact the real estate market, so for the third consecutive election, my vote is for “no direct change” to the housing market.

Leave a Reply

$900,000,000+
IN SALES
100+
COMBINED YEARS OF RE EXPERIENCE
#1
KELLER WILLIAMS SALES GROUP IN LA
1,600+
PEOPLE & FAMILIES HELPED