How the Election Could Impact the Housing Market

Every election brings some uncertainty to the housing market as buyers, sellers, and homeowners wonder what could change. But the good news?

History shows that housing trends tend to follow a predictable path, no matter who wins.

1. A Brief Pause in Activity

Around election time, people often hold off on making big decisions, including buying or selling a home. This creates a temporary slowdown, but it’s usually short-lived. Once the results are in, activity often picks right back up.

Experts forecast home sales to increase to 5.2 million in 2025, up from 4.6 million in 2024.

2. Interest Rates & Housing Policies  

Presidential elections don’t typically impact mortgage rates directly. Those are influenced more by the Federal Reserve and overall economic conditions. While new leaders may introduce policies for homeowners or buyers, changes can take time, so don’t expect overnight shifts in rates or homebuying costs.

3. A Strong Demand for Homes  

The need for homes doesn’t stop with an election. With many people looking to purchase, demand remains steady. A limited number of homes available also keeps the market moving, even during election cycles.

4. Looking Ahead to 2025  

Some fluctuation is expected, but nothing that would drastically change the market. The key for potential buyers and sellers is to stay informed, especially about any economic policies that could affect loans or taxes.

In short, while elections can cause some uncertainty, housing trends generally continue as usual, and demand for homes stays strong. So, whether you’re thinking of buying or selling, rest assured that long-term trends typically outweigh short-term election concerns.