Yesterday I took the time to look at 4 Reasons why the Election won't dampen the housing market.
1) Demand
2) Low-Interest Rates
3) Price Appreciation
4) History
Ali Wolf from Chief Economist at Meyers Research quoted:
"History suggests that the slowdown is largely concentrated in the month of November. In fact, the year after a presidential election is the best of the four-year cycle. This suggests that demand for new housing is not lost because of election uncertainty, rather it gets pushed out to the following year as long as the economy stays on track."
Top Three Reasons Homeowners are NOT putting their House on the Market according to Zillow Report:
Finally, Jeff Tucker from Zillow Senior Economist quoted:
"Homeowners who feel like is uncertain right now may think they can still get a strong price if they delay selling until they have more clarity. The catch is that waiting to sell may raise the cost of the trade-up. This fall's record low mortgage rates, which make a trade-up more affordable on a monthly basis, are not guaranteed to last."
