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Does the President Have An Impact on Housing? Here’s What 30 Years of Data Says:
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Data from This Video:
Homebuying Demand:
https://www.redfin.com/news/housing-market-update-homebuying-demand-jumps/
Migration Trends:
https://www.redfin.com/news/moving-reasons-safety-survey-2024/
Investor Purchasing:
https://www.redfin.com/news/investor-home-purchases-stabilize-q3-2024/
The housing market is beginning to “shift” following the 2024 election. With many homebuyers waiting on the sidelines to see who would become the next president, the real estate market experienced a pre-election slowdown. With President-Elect Trump on track to fulfill his second term, buyers are jumping back into the market—even during a seasonally slow time. Are we about to see housing heat back up?
Three interesting trends have begun to emerge: buyer demand jumping double-digit percentage points, Americans moving to different areas for unique reasons, and investor purchases starting to plateau as high mortgage rates make investment properties less profitable. What’s the number one thing a renter wants in their home? Will buyer demand thaw this winter’s frozen housing market, and are we about to see MORE deals since most investors are sitting on the sidelines? Dave is on to answer it all!
00:00 Market Trends Post-Election
03:00 Migration Patterns and Their Impact
06:07 Investor Behavior and Market Opportunities
