Wondering if the upcoming Presidential election will shake up the SF Bay Area real estate? Here's what you need to know. Historical data indicates that there may be a slight slowdown in home sales during November, but they typically rebound quickly, with prices continuing to rise and mortgage rates slightly decreasing. Overall, the impact is minor and short-lived. Have questions? Let's chat.
In the SF Bay Area, sales volume has been mixed over the last 6 elections with some years after going up, and others going down.
Similar to the national median home prices, the SF Bay Area has experienced an increase in home values after election years (except for 2008's Great Financial Recession).
In conclusion, purchasing a SF Bay Area home before the November elections might be an ideal opportunity to invest in your next property, considering that prices tend to rise post-elections. Additionally, after the election could be a good time to refinance as rates typically drop.
Contact me (650.451.8763) if you'd like to discuss further.
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