An Election Year Brings Uncertainty and That’s Bad for Real Estate
Every time the change is coming some buyers will be extremely wary, especially the closer to the election day it gets.
Fewer Large Purchases Are Made During Election Years
The biggest problem is that nobody really knows what the next president is going to do. A new elected president can affect the job market, the economy, and the nation’s healthcare system, therefore many Americans simply don’t want to risk making the largest investment of their life.
How Much Do Elections Impact Sales?
Study shows that prices of homes tend to drop typically by around 4% just months before the election. The following year brings a rebound of about 5.5%.
Jack O. Pysz - Redco, Managing Broker
11/08/2016 (Election Day)