The housing market tends to see a slight pause during the height of the election season. Sellers pull back and tend to be reluctant to list their homes until an election result. Buyers on the other hand continue to enter the market. The new low rate average (again) is driving sales but available homes struggle to meet the demand. The year after an election tends to be one of the strongest. With a new presidential administration, consumers will continue to see how new policies and regulations may reshape the housing market.
Buyer’s Guide: Fall 2022
If you’re wondering if it’s the right time to buy a home, you should know you have an opportunity to grow your wealth, stabilize your expenses, and benefit from more options for your home search this fall.