Even if you’re not planning a move just yet, you might still wonder how the upcoming election could affect the housing market. By analyzing past trends and today’s conditions, we can find some answers. Historically, mortgage rates tend to drop in the months leading up to an election, while home prices and sales often see a boost the following year. The data shows that presidential elections typically have only a modest and temporary effect on the housing market, so there’s no need for major concerns.
