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The Election's over, Now What Happened With Real Estate?
Over the last 12 months just about anyone who owns a home, or has been thinking about buying one has wanted to know how the 2016 Presidential Election would affect the Real Estate market. Now that the election is finally over, and we know what the political landscape will look like for the next 4 years, we can take a look at what the Real Estate market will look like in the next year and beyond.
Historic OutlookWhen you study historical data for how the Real Estate market does after a Presidential Election the housing market often continues to perform strongly for at least the following year.
Thanks to statistics from the California Association of Realtors® we know that the market does especially well in California, following a Presidential Election and actually outperforms non-election years by 7.1%. (Source – mymortgageinsider.com)
Interest Rates Interest rates continue to remain historically low, near 4% for the time being, and the Federal Reserve doesn’t show any sign of raising them significantly in the near future in spite of the urging from investors and economic analysts to start raising interest rates.
If interest rates are increased in the next 12 months it’s not going to happen quickly since Wall Street ... more

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