We're almost to election time...and I'm about to share a very dear secret about who gets elected and how that affects the housing market and the rest of the economy in general...
I don't think it matters!
Yep, you've heard me correctly. I've been in the real estate market for many years now, and in both 2000 and 2004 I got stuck with some investment properties that I couldn't sell.
My mom said "don't buy houses in election years...the economy is always worse because people don't buy things until they know who's elected" and I said..."Phooey!" and bought houses anyways, and got stuck with them. (after all, what does MOM know?)
As soon as the election was over, and it didn't matter WHO got elected (in fact, one year they're not even sure WHO got elected!), my houses went under contract almost immediately.
I've said one thing a lot lately: those of us in the real estate field that can get through this JUNK will come out on the other side smelling like roses & rolling in the dough...
I predict that the other side is getting closer and we're going to see it shortly after the election... and for those of us left standing...we'll do EVEN BETTER because a lot of the not-so-serious people who only got in the business when times were good have weeded themselves out. (the Orlando board has dues of over $500 due this month...I predict we will lose a HUGE amount of Realtors in Central Florida this month)
Stay tuned...I'm watching with you!