Nov. 10, 2020
In a Presidential election year, there's lots of talk about the candidates, their proposed policies, and speculation about who the next President will likely be. As a realtor, I also receive a fair amount of questions about the impacts to housing during this time. And while it's normal to feel some apprehension about change (in any direction), here's why you shouldn't expect impacts to the real estate market as a result of the election.
According to Keeping Current Matters, an informational resource for real estate professionals:
1. Demand is Strong among Millennials
Millennials, those born between 1981 and 1996, are the nation’s largest generation. They've also begun entering the housing market in larger numbers as they reach the age to marry and have children – two key drivers of homeownership. According to the Wall Street Journal:
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