Upcoming Presidential Election
With the 2020 presidential election quickly approaching, it is sure to be one that is remembered for many years to come. Oftentimes, election results can have an impact on the stock market. But what about real property values?
Given the unpresented low interest rate environment – especially during the COVID-19 pandemic – properties in many areas of the country are selling quickly…with a high percentage of these going for above their listed price.
So, does this mean that now is a good time to sell your current home?
Possibly, but it is important to keep some key factors in mind.
For instance, an era of uncertainty can make it more difficult to sell your home. With that in mind, the time leading up to the election may not necessarily bring you the results that you’re hoping for.
In this case, even though home prices have been rising, on average, throughout the second and third quarters of the year (2020), presidential elections have typically impacted home prices with a slightly lower percentage increase in value.
Real Estate Trends During Election Years and Off Years
U.S. Seasonally Adjusted Prices
|U.S. Presidential Years||% Increase in House Prices – Election Years||Off Years||% Increase in House Prices – Off Years|
If you’re considering making a move any time soon, contact us and we will provide you with a customized marketing plan that is designed to bring in the right buyers. In addition, we can advise you on an appropriate listing price, based on what other similar homes in the area have recently sold for. So, contact us today for additional details.
Presidents and Plywood – How the 2020 Election Could Affect the Housing Market. https://royomartin.com/election-effects-on-housing-market/