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this election is entertainment....entertainment won't affect the market....
Most assuredly - it depends which candidate is in front as to how it affects the market
Panama City, FL
I think, a lot of people wait with selling/buying a property.
White Plains, NY
I think it probably depends on how crazy the candidates are. I think this year there will be a lot of people holding their breath.
I think it makes everyone cautious to do anything to any extreme, one way or another. No one wants to shake things up for a nominee
White Plains, NY
It's physics... Newton's law: For every action there is an equal and opposite reaction. Time will tell.
A nation with a lack of focus, as we all talk about and occasionally argue about politics.
Added anxiety about the future under the new regime.
It effects everything, how can it not?
Stevens Point, WI
I remember in the past it did but not so much anymore. The financial markets don't react in the same ways as they did 20-30 years ago.
I do think this election is making our market very odd. Low inventory, but both buyers and sellers get upset quickly, and we have a termiantion rate of 20% overall.
There will be more home sales in the DC area.
parked and reading
We've had a busier market here.
David Popoff - I do not think there will be any negative impact because of the election year - and whoever becomes new president.
sometimes when there is a lot of uncertainty in DC people will slow down the decision to buy
People are scared. They sit on their money and wait.
Not really. I think the outcome of the Congressional elections are going to be more importatnt.
I would expect that there will an effect in Washington, DC and the nearby portions of Maryland and Virginia as the new administration starts up and the old administration winds down.
Money talks more than politicians. The changing of the guards always is unsettling to our nation's people. However, there is no historical evidence that supports mortgage rates consistently go either up or down in a presidential election year. In fact, some brokers and loan officers may use the fear of uncertainty to scare people into refinancing or buying, so you do need to be on guard for such fear tactics. Whether you should buy or sell depends. Truly, there is uncertainty involved as the election draws closer. Much of our wants for moving or selling could be held off until after the market settles however so much of our apathetic youth that is driving new home sales will be rather unconcerned about who is our next president. The economy and real estate market will always be in flux, so I recommend that you consider your home purchase or sale from the vantage point of what is monetarily most advantageous for your lifestyle. I believe interest rates will go up slightly, perhaps as high as 6 percent by close of 2016, yet these are still historically low interest rates. Just go out and get advice from a trusted real estate expert who can take all of the details of your specific situation into account and help you make an informed, rational decision. If you're in metro Detroit, feel free to reach out to me at joansoldmine.com
There seems to be some degree of hesitation by buyer's to buy and sellers to sell, but only for the voluntary moves.
Yes! It seems to impact most industries as it slows down decision making and it's distracting.
I believe it can go either way
Any Presidential changes affect Wall Street and certain specific targets. How a President thinks, believes and supports is put into place. Be assured that Trump will support all Real Estate in its entirety because it is in his blood
I remember past Presidential election years, being right outside of DC, that our market really slowed down. And as soon as a decision was made in November, the phones started ringing the next day. I think this particular election hasn't had the same effect in our local market. We are still seeing a lot of activity so far.
I think consumer confidence normally rises as they are being promised everything. It's not until after the election that reality usually sinks in.
This election may be different, though.
Interesting David Popoff I asked a sorta kinda similar question just this morning and some of the same folks answered my question but in a very different way.
Yes, I do think the choice we make for President can and most likely will impact the RE market in my area and many other areas for a variety of reasons.
I think a liberal government will raise unemployment due to the minimum wage mandate. We'll see higher interest rates which will stifle home resales and new housing starts which SD really needs right now. Liberal leadership is not business friendly and will serve only to keep us in the same quagmire we've been in for the past 8 years.
On the other hand I really feel that a more conservative leadership approach will be a lot more business friendly albeit it will no doubt be dealing with an Obama hangover for the first couple of years.
I think a Republican President will actually lower taxes in many areas i.e. Corporate income taxes which will bring back some of the 2-3 trillion dollars currently being stowed offshore. This will create local job growth and stimulate the economy.
That's just for openers. There's a whole lot more playing on this election than these scant remarks. We have a lot of work to do to get America back on the road to prosperity and it won't happen the day a new President is sworn in.
Disclosure: I've been an Independent since Reagan left office so I'm not married to any party. I'm just a free spirited entrepreneurial self employed capitalist that would like to see America and its citizenry prosper which I don't think will happen with a Democratic Presidency.
I'm not talking politics.
A lot home sellers heading back south......
The consequence of a rogue leader is realized a few years later.
Example Billary or The Don will inherit Obama's mess and the economy it created. Subsequently, the new leader may have to address the bankruptcies caused by health care costs.
I do look forward to helping big talkers move to Canada.
But no, election year affects on real estate is confined to those moving to and from Washington DC.
Not sure it will have an impact but I suppose it could depending on who wins. Time will tell
No, people make too much of it! None of the people who say they will move out of the United States if someone is elected ever does!
According to my friends in the financial words, there will be effects based on who wins. Hillary equals status quo, Trump good for business, and Sanders a disaster when it comes to taxes, etc.. This is not our area of expertise. A