Many of you may be wondering whether it’s a good idea to enter the real estate market during the upcoming election. It’s common knowledge that the real estate market weakens during these times, but there are many other factors to consider.
Real estate markets falter during elections mainly as a result of consumer confidence waning. A new leader will be elected, and that brings uncertainty and discomfort to home buyers and home sellers. A home is a huge investment, and historically, during periods of uncertainty, people have waited to make large expenditures.
What does all of this mean for you?
It depends on your wants and needs, and it also depends on who is standing atop the podium in November.
The truth of the matter is that the real estate market will always be in flux, and decisions like buying or selling a home will always be difficult ones to make. It doesn’t matter how good or bad the economy is, and it doesn’t matter who our next President is going to be.