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Should You Sell Your Home During an Election Year?
Manage episode 194946954 series 1908059
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How will the election affect your ability to sell your home?
How will the election affect your ability to sell your home?
This election year has had no effect on the market at all. Low interest rates have continued to drive home sales. Essentially, this election has about as much impact on the real estate market as the Kanye West/Taylor Swift feud.
The real estate cycle is what drives home sales. Real estate cycles run about seven years. Our most recent peak was in 2007, after which we went through a valley. Now we are sitting atop another peak.
“
The real estate cycle
drives home sales.
”drives home sales.
After the election, in 2017 or 2018, the market will most likely decline again. Now is the time to sell. Remember, real estate runs in seven-year cycles; our next peak won’t happen again until 2022 or 2023.
If you have any questions, please do not hesitate to give me a call or send me an email. I would be happy to help you!
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