Posted July 1 2016, 12:00 PM PDT by Matthew Gardner, Chief Economist, Windermere Real Estate

How will the 2016 Election Impact the Housing Market?

Posted in Economics 101 Videos and Market News by Matthew Gardner, Chief Economist, Windermere Real Estate

The 2016 presidential election will absolutely have an impact on the housing market and the U.S. Economy. What those impacts will be are dependent on who occupies the White House in 2017. Here what Windermere’s Chief Economist, Matthew Gardner, has to say about the influence each presidential candidate may have on the market.

 


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  • Do you think the uncertainty of the election has had an effect on the real estate market in Seattle? All of a sudden we are seeing price drops and properties sitting on the market and I am deciding whether to wait to put my house on the market until after the election.

    Posted September 29 2016, 3:27 PM by Michelle Acquavella

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    • This is an interesting statement. I am not sure how you are defining Seattle but, if I look at just the City, demand is still outstripping supply by a substantial level. That said, we have seen a contraction in list prices which is always an indicator of a market where seller expectations are getting a little ahead of themselves. That said, I am not concerned by the numbers. (the average list price in Seattle for single family homes has been above $1M for the past 10 months).

      As far as the election having an effect, that is an interesting question. From an historic perspective, we do see housing markets slow the year of – and the year following – a presidential election but that does not appear to be the case this time around. Certainly, we may see a minority or people decide to “cash in” before the election but I believe that they are the exception to the rule.

      Posted September 30 2016, 10:01 AM by Matthew Gardner, Chief Economist, Windermere Real Estate

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