Do elections affect the real estate industry?
- Author
- Jerry Holden
- Published
- Tue 29 Oct 2024
- Episode Link
- None
At the time of recording this episode in early October, right before the elections, there’s a lot of chatter about how elections affect the real estate industry. So in this episode Haley and I are talking about the relationship between elections and the real estate market, emphasizing that elections have minimal impact on residential real estate sales. I am arguing that supply and demand issues are the primary drivers of the housing market, rather than political factors. The discussion also touches on the effects of the pandemic on housing prices, the shortage of homes, and the rising costs of construction materials. The biggest takeaway is that despite market fluctuations, it remains a good time to invest in real estate, especially with the right guidance.
Topics:
- Why it’s important to focus more on taxes proposed by a new administration rather than interest rates or overall home sales
- Busting the misconception that any president has control over interest rates and the current state of interest rates
- How we’ve found ourselves with the current supply and demand issue and why this affects the industry more than anything else
- The different ways Jerry is working locally within Mansfield to replenish and renovate the current housing stock
Episode Resources:
Connect with Jerry here:
