In this Article...
Presidential elections often spark curiosity about their effects on the housing market. In Charleston, SC, Realtor Charlotte Lemon from Charleston Home explains that while elections might cause slight fluctuations, historical trends suggest mortgage rates typically decrease beforehand and home prices and sales rise the following year.
Q&A: How Do Presidential Elections Impact the Housing Market?
Some Highlights
- Even if you’re not looking to move right away, you may have questions about how the election will impact the housing market.
- When we look at historical trends, combined with what’s happening right now, we can find your answers. Based on historical data, mortgage rates decrease in the months before and home prices and sales increase the year after the election.
- The facts show Presidential elections only have a small and temporary impact on the housing market.
