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Elephants, Donkeys and the Real Estate Market

Elephants, Donkeys and the Real Estate Market
A presidential election is always a major event in our country. There is no doubt that consumers are waiting and wondering how the election will affect home prices and the real estate market overall.  It is not unusual for consumer confidence to waver in an election year and this year is no different.
Some buyers and sellers are waiting to take action because they are concerned that our real estate market is fragile and that it could boom or bust based solely on who wins the election.  Fear is a big driver in this election with strong messages from both sides which is causing some voters to stop spending. Therefore, many areas are seeing a slight slowdown in their local real estate market.
Waiting is by far the biggest by-product of any election.  Buyers and sellers wait to see what is happening and patiently wait to see who gets elected before making any big moves.  Traditionally in an election where a candidate is a returning president (an incumbent) there seems to be more confidence because there is less that is unknown about that candidate and how they lead.  You have already lived ... more

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