1-407-575-5392
Menu

Election Impact on Floridas Real estate

NEXT
PREV
  Follow me: Wendy Morris on Twitter Wendy Morris on Facebook Wendy Morris on LinkedIn
Sat, Nov 07, 2020 at 11:20AM

Election Impact on Floridas Real estate

The year 2020 will be remembered as one of the most challenging times of our lives. A worldwide pandemic, a recession causing historic unemployment, and a level of social unrest perhaps never seen before have all changed the way we live. Only the real estate market seems to be unaffected, as a new forecast projects there may be more homes purchased this year than last year.

As we come to the end of this tumultuous year, we’re preparing for perhaps the most contentious presidential election of the century. Today, it’s important to look at the impact past presidential election years have had on the real estate market.

Is there a drop-off in home sales during a presidential election year? BTIG, a research and analysis company, looked at new home sales from 1963 through 2019 in their report titled One House, Two House, Red House, Blue House. They noted that in non-presidential years, there is a -9.8% decrease in November compared to October. This is the normal seasonality of the market, with a slowdown in activity that’s usually seen in fall and winter.However, it also revealed that in presidential election years, the typical drop increases to -15%. The report explains why:“This may indicate that potential homebuyers may become more cautious in the face of national election uncertainty.”Are those sales lost forever? No.BTIG determined:

“This caution is temporary, and ultimately results in deferred sales, as the economy, jobs, interest rates and consumer confidence all have far more meaningful roles in the home purchase decision than a Presidential election result in the months that follow.”

In a separate study done by Meyers Research & Zonda, Ali Wolf, Chief Economist, agrees that those purchases are just delayed until after the election:

“History suggests that the slowdown is largely concentrated in the month of November. In fact, the year after a presidential election is the best of the four-year cycle. This suggests that demand for new housing is not lost because of election uncertainty, rather it gets pushed out to the following year.”

Will it matter who is elected?

To some degree, but not in the overall number of home sales. As mentioned above, consumer confidence plays a significant role in a family’s desire to buy a home. How may consumer confidence impact the housing market post-election? The BTIG report covered that as well:

“A change in administration might benefit trailing blue county housing dynamics. The re-election of President Trump could continue to propel red county outperformance.”

Again, overall sales should not be impacted in a significant way.

Bottom Line

If mortgage rates remain near all-time lows, the economy continues to recover, and unemployment continues to decrease, the real estate market should remain strong up to and past the election.

Wendy Morris


Bookmark & Share



User Comments


Be the first to comment on this post below!


Popular tags on this blog

Al Capone | Bella Collina | Broker Associate Wendy Morris Realty | Celebrity Homes | Disney News | Drones | Foreclosure | For Sale Cannon EOS 7D Cameras Plus all the Lens | Hamilton Gardens Winter Garden Ryan Homes | How to Price your Home for Sale in Orlando Fl | Landlord | Marketing | New From Our Broker Wendy Morris | ORLANDO HOUSING MARKET REPORT - AUGUST 2018 | Orlando Market Reports | Orlando Penthouses | Orlando Real Estate Market report 2019 | Queen of Versailles Jacqueline Siegel | David Siegel Windermere Lake Butler Sound | STAR WARS GALAXY?S EDGE | Summerport Windermere Fl | Waterfront Homes Clermont | Wendy Morris | Wendy Morris Realty | Wendy Morris Realty Marketing | Windermere Fl |


All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: | Stellar MLS (updated 1/22/21 5:31 PM)

Listing Search



Translate Tool

Featured Listings
Belle Isle Real Estate
$1,095,000
5 BED
3.5 BATH
Stunning Lakefront Home with 100 feet of white sandy beach and boathouse on the Conway Chain of Lakes! Nestled in a neig... Read More
Orlando Real Estate
$915,000
4 BED
3 BATH
Charming Lake Conway Home! This 4 bed 3 bath home has been updated with tons of character and hints of the original char... Read More
Windermere Real Estate
$8,300,000
5 BED
7 BATH
This stunning Georgian manor located within the gates of the renowned Isleworth community tastefully intertwines timeles... Read More
Saint Cloud Real Estate
$849,900
5 BED
5 BATH
Fabulous Alligator Lake Property on 2 acres with 2 homes for a total of 5 bedrooms and 5 full baths, boat ramp and priv... Read More
Clermont Real Estate
$807,000
3 BED
3 BATH
Desirable direct Chain-of-Lakes estate home with walled entrance directly off of Lakeshore Drive! No need to walk acros... Read More
Contact Wendy Morris

407-575-5392

Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
11256 Lemon Lake Blvd
Orlando, FL 32836

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2011 -2021 windermerehomes.net - all rights reserved. | Site Map