POLITICS & PROPERTIES: HOW ELECTIONS IMPACT REAL ESTATE SALES

POLITICS & PROPERTIES: HOW ELECTIONS IMPACT REAL ESTATE SALES

Elections have a significant influence on the real estate market, with trends showing a shift in property sales following key political events. Historically, property sales tend to slow down before elections due to the uncertainty they bring, but once the votes are counted and the results are in, the market often experiences a surge. In fact, nine of the last 11 elections have seen an uptick in home sales in the months following election day.

Why Does This Happen?

Several factors influence this post-election surge. Political changes, such as tax reforms, infrastructure investments, or shifts in environmental regulations, directly impact property values and investment returns. For commercial real estate professionals, staying informed about policy changes is essential for anticipating how new laws will affect the market and business climate. Additionally, any decrease in interest rates following an election can create a favorable environment for property transactions.

What’s Happening in the Market Right Now?

As we move through the final months of 2024, the real estate market has seen a slowdown, with fewer transactions taking place in October and November. However, this is expected to change as we approach the end of the year. Historically, December marks the beginning of an uptick in sales, as buyers and sellers become more confident once the election results are settled.

Economists and real estate experts note that many markets have shown resilience this year, with minimal declines. With the election now behind us, many predict that we will see the typical post-election real estate boom.

Rural Living on the Rise

An ongoing trend that’s shaping the real estate market is the growing preference for rural and small-town living. The National Association of Realtors (NAR) has reported significant growth in western markets, while some areas in the South, Midwest, and Northeast have experienced slower growth over the last 24 months. This shift in preference for more space and quieter settings is contributing to a new wave of interest in rural properties.

Looking Ahead

As we move into 2025, real estate experts remain optimistic. The post-election period often brings renewed energy to the market, with many property buyers and investors ready to make decisions. That said, it’s important to stay on top of local market trends and property niches as you plan for the year ahead. Whether you’re buying or selling, understanding how political changes impact your local market will help you navigate the evolving landscape.

Keep researching, stay informed, and watch for the market shifts that are sure to come in the wake of this election.

Learn more about United Country Real Estate at www.UnitedCountry.com or United Country Auction Services at www.UCAuctionServices.com.