I waited for the Election to buy. Now what?

Why Do Home Prices Tend to Rise After Elections?

Election years often bring uncertainty, which can cause potential buyers to hesitate. Once election results are in, market stability usually returns, and with it, increased demand for homes. This heightened demand typically raises home prices, creating a seller’s market. Real estate expert Ryan Serhant notes, “I think people are waiting to see what happens in November, and that will take us into a roaring 2025,” as homebuyers re-enter the market with renewed confidence (Newsweek).

What Experts Say About Post-Election Market Trends

Realtor.com’s October 2024 Housing Market Trends Report reveals a 29.2% increase in active listings compared to last year, the highest since December 2019. While this suggests a brief window of more options for buyers, demand is expected to surge post-election, which could quickly push prices higher (Realtor.com).

Why Now could be Right Time for the Savvy Homebuyer

Waiting on the sidelines could mean facing higher prices and more competition down the line. As demand heats up, you might miss out on securing a home at today’s prices. Acting now allows you to lock in a property and begin building equity before prices rise.

Ready to Buy? Start Here

To see how today’s market affects your buying power, explore the mortgage calculators on my website. Then schedule a call with me. Let’s take advantage of this opportunity to find a home that fits your life, budget and investment goals before the market shifts.