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
Mortgage Rates Spike Again After A Brief Drop
Mortgage Rates Spike Again After A Brief Drop Fed Rate Cuts Had Minimal Impact on Mortgage Rates The 30-year fixed-rate mortgage rates had hit 6.09% in the week ending on September 18 in response to the Fed rate cut. This sparked hope in many prospective home buyers. Unfortunately, current trends
Why Home Sales Bounce Back After Presidential Elections
With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market. Let’s break it down. Election Years Bring a Temporary Slowdown In any given year, home sales slow down slightly in the fall. It’s a typical, seasonal trend. However, a
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