Best Method to Get Elected to the House of Representatives
Everyone has an stance about the 2022 presidential election — including real estate agents. HomeLight asked i,157 of their top agents how they idea the election would touch on the housing market.
Here are some of the findings:
• Real estate agents are optimistic nigh the housing market. 23% of agents say the housing market will stay strong regardless of who is elected, President Donald Trump or Vice President Joe Biden. 31% say election results volition have no impact on the housing marketplace.
•Agents believe ane candidate is best for the housing market place. 52% of agents say a second term for Trump in the 2022 presidential election would have been the best choice for housing; but eight% of agents say the housing market place would benefit from a Biden presidency.
• Some legislative issues touch on real estate more than others. 27% of agents say admission to affordable housing is the height concern; 25% say homeownership tax breaks and incentives; nine.8% say diversity, fair housing and racial equality in existent estate; ix.7% say mortgage and foreclosure relief; and 6.vii% say financial and credit issues.
The market slowed down in many places across the country equally America waited to hear the election results.
Incertitude nigh the election led sellers to hold off on listing their homes and many buyers stopped endmost on homes, according to Realtor.com.
This inactivity could push downward mortgage interest rates and the impact could be seen for weeks or even months every bit recounts and lawsuits extend a contested election.
For now, buyers and sellers in many areas are taking a look-and-see approach as they want to experience comfortable with the state of the economy before making large moves.
What do you retrieve near the 2022 presidential election and its impact on the housing market? Let the states know in the comments!
Source: https://todayshomeowner.com/how-the-2020-presidential-election-affects-the-housing-market/
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