The Election Impact on Real Estate

2020 has been a year we will never forget and on top of the pandemic, it’s an election year which has caused people to be feel uneasy.

With that said, the housing market has remained strong throughout much of 2020 and as of right now it doesn’t seem to be changing. History says otherwise, as generally every fall the housing market sees about a 9 percent decrease in sales, and during election years it’s closer to a 15 percent decrease. History also suggests November in particular is always the slowest real estate month. However, the good news is history also tells us the year following an election is the best for the real estate market.