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Could the 2024 presidential election change home prices and interest rates? Should you consider buying before the big day, or do buyers have more opportunities after an election? Will the 2024 election do anything to affect the housing market? No matter who’s running against who, an election year keeps many Americans on their toes. But has it historically influenced the housing market? Licensed mortgage advisor Hannah Escher is back on the channel to share what’s happened to housing during previous elections.
From home prices to interest rates, inflation, and economic sentiment, a LOT can change during a presidential term. Could an election help or hurt homebuyers and real estate investors? We’re breaking down data from past elections to see what happened to the housing market, what you should prepare for, and whether timing the market around a presidential election even makes sense!
00:00 Elections and The Housing Market
00:31 Home Appreciation
01:09 Will 2024 Be Different?
02:02 Pay Attention to the Policies
04:31 Interest Rates and Inflation
05:55 How Will It Affect Buyers/Sellers?
06:30 What to Expect