Q&A: How Do Presidential Elections Impact the Housing Market?

In this Article...

As presidential elections approach, Charleston residents may wonder about potential impacts on the housing market. Historical data suggests that mortgage rates tend to decrease before elections, with home prices and sales often increasing the following year. However, these effects are generally temporary. Charleston Home is here to guide you through any market shifts.

Q&A: How Do Presidential Elections Impact the Housing Market?

Some Highlights

• Even if you’re not looking to move right away, you may have questions about how the election will impact the housing market.
• When we look at historical trends, combined with what’s happening right now, we can find your answers. Based on historical data, mortgage rates decrease in the months before and home prices and sales increase the year after the election.
• The facts show Presidential elections only have a small and temporary impact on the housing market.