160: The Election Effect: Real Estate Trends in Election Years

Mar 4

Voting and Real Estate

What do Elections do - creates UNCERTAINTY.

Believe it or not… elections have a huge impact on housing for the next year or so.

In episode 160 the conversation talks about the impact of election years on the real estate dynamics. Despite the political climate, the market is in motion, with both buyers and sellers actively engaged. With inventory remaining low in this seller's driven market, there's no time like the present to embark on your real estate journey. We discuss the benefits of starting early, especially as refinancing may be a more cost-effective option than purchasing a pricier home. Whether you're ready to buy or sell now or saving for the future, join us as we navigate the dynamic real estate landscape during an election year.

Key Points:

LOW LEVELS of inventory which means sellers have the upper hand
Mortgage rates- they are still high and steep home prices are deterring buyers. And most likely won’t change too much.
Still a lot of competition out there
Real estate demand is low. Interest rates are high. BUT People are STILL buying!!
Right now We are seeing prices adjust..
If you wait for interest rates go down, home prices WILL go up- again it’s cheaper to buy now and refinance later rather than buy later at a higher price even though rates might be little lower.

So the big question is: What is the best time to sell? Well it is up to you and your lifestyle and what you have going on.

LASTLY If you’re not going to buy now- SAVE SAVE SAVE

Tune IN to our conversation to hear more!

listen to the full episode

on your favorite podcast streamer below.

-> Apple

-> Spotify

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