Navigating the Real Estate Market: What to Expect Amid the Upcoming Election
Hey this is Eric Grainger from The Grainger Group here at eXp Realty and we help people buy and sell real estate.
I’ve been asked quite a bit about how the election will affect the real estate market, so I wanted
to share some quick thoughts. I think the key thing to remember is that the health of any market
depends on the perceptions of the people in it. When we’re confident, markets are strong; when
we are uncertain, things slow down.
Right now, there’s still some uncertainty about what’s coming in November, but I believe we’ll
see the real estate market continue improving as it has been for the past 18 months. That
means more transactions in 2025, lower interest rates, property values continuing to rise, and
more homes coming on the market over time.
Another thing to keep in mind is the Federal Reserve’s recent announcements. Inflation has
cooled, and unemployment is up, so we might see rate cuts soon, which would make borrowing
money more affordable. I expect some sellers who have been waiting to finally jump into the
market, and we could see an uptick in home sales and refinances toward the end of this year
into 2025.
I know we all have different thoughts on the election, and that’s okay. But markets are driven by
confidence, and my confidence is in the people of this country-our ability to work hard, show
grace and keep moving forward. That’s why I’m hopeful about where the real estate market is
headed.
If you have any questions or want to talk more about what this means for you, feel free to reach
out to us here 239.494.0775. Thanks for listening, and I’ll talk to you soon!