Does the Presidential Election Effect You When Buying or Selling a Home?
If you're considering buying or selling a home, there's no need to alter your plans due to the election season. Unless you work for a federal agency and face job uncertainty if the
incumbent loses, the election's impact on your finances is minimal. For most Americans, political shifts don't directly affect their income, allowing you to make real estate decisions independently of the electoral cycle.
The belief that presidential elections disrupt the housing market is widespread but not
supported by recent data. Analysis by Bankrate of the S&P CoreLogic Case-Shiller
Home Price Index reveals that home prices have actually appreciated more during
election years than in non-election years since 1987. Specifically, home prices
increased by an average of 4.84 percent during election years, compared to a 4.44
percent rise in non-election years.
This data might suggest that elections are beneficial for the housing market, but the
reality is more complex. Various factors influence home prices, and while elections are
a notable event, they do not singularly dictate market trends. Thus, your decision to buy
or sell a house should be based on personal circumstances and broader economic
conditions, rather than the electoral calendar.
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