You have to admit it – this is one of the craziest elections we’ve ever had. Join us as we discuss the “6 Ways Presidential Elections Impact the Housing Market.” Discover how historical trends from 1980 to the present reveal the patterns of uncertainty, policy changes, and consumer confidence that shape the housing market every four years. From the global financial crisis of 2008 to the COVID-19 pandemic in 2020, learn how major political events influence home prices, mortgage rates, and buyer behavior.
In less than 16 minutes, we look back at the past 12 presidential election cycles and investigate the impact they’ve had on housing markets nationwide - and see what clues we can take away for 2024.
0:00 Introduction
4:37 - November Slowdown
7:49 - Home Sales Volume Jumps
9:57 - Resale Prices Rise
10:53 - New Construction Prices Rise
11:36 - Call Us First
12:06 - Mortgage Rates Decrease Prior To The Election
14:09 - Elections Don’t Change Minds In The Long Run
