The 2020 presidential election is right around the corner, and while many would assume that it’s time to sit back and await the results, data and market conditions prove otherwise.
A study by research firm Meyers Research and Zonda looked at how the year following an election can be the best of the presidential term for home sales.
According to their findings: "In fact, the year after a presidential election is the best of the four-year cycle. This suggests that demand for new housing is not lost because of election uncertainty, rather it gets pushed out to the following year as long as the economy stays on track."
As we saw with the pandemic, the reward of locking in record-low mortgage rates also may continue to outweigh any consumer caution and drive buyers and sellers to act. Ultimately, delaying any plans could cause you to miss out on once-in-a-lifetime affordability.
If you have any questions about the Boulder County Real Estate Market, reach out to me via the contact link here. At 8z Real Estate, we follow the market data and trends, and have the knowledge and local market strategies to best assist you in your real estate goals.
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