GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you might read more about oureditorial guidelinesand our products and servicesreview methodology.
And if so, will this election cycle burst it, orinflate it further?
Market Uncertainty
Its commonly understood that investors hate uncertainty.
Historical trends have shown that market uncertainties often lead to a decrease in buyer confidence, said Levy-Lambert.
That means lower prices.
Potential Policy Changes
Elections have consequences.
And many of them come in the form of new policies.
If sellers anticipate such volatility, lowering prices preemptively might ensure a quicker sale before any potential downturn.
Trumps Own Statements
Trump, and many other politicians, say things that they do not eventually act on.
However, markets are sensitive things, and belief can often outweigh reality.
Economic Predictions and Consumer Confidence
Elections can significantly impact consumer confidence, said Riviera.
That can be both positive or negative.
Lowering home prices could make properties more attractive in a market where buyers are more budget-conscious.
Historical Market Reactions
Elections have historically been inflection points, ones which markets react to, correctly or incorrectly.
A Trump victory could influence the Federal Reserves decisions on interest rates, said Shirshikov.
Sellers might need to lower prices to make homes more attractive in a higher interest rate environment.
Sellers who lower their prices early might benefit from higher interest while other sellers hold out, he said.
By anticipating the shift, proactive sellers can capture buyer attention and close deals faster.
Economic Performance Concerns
Many factors go into housing prices and consumer confidence.
If concerns over those factors grow large enough, sellers might need to react, said Shirshikov.
Lowering home prices can alleviate these concerns and attract more cautious buyers.
More From GOBankingRates
Share This Article:
