The current housing market is stable, with demand exceeding supply, contrary to the conditions leading to the 2008 crash. Presently, there are only 4.2 months of home supply, and unemployment is low at 4.1%. These factors combined suggest that a housing market crash is highly unlikely in the near future.
Tag Archives: investing
Do Elections Impact the Housing Market?
The 2024 Presidential election is near, raising questions about its impact on the housing market. Historically, elections lead to a slight temporary slowdown in home sales in November, while home prices generally rise regardless of elections. Mortgage rates tend to decrease leading up to elections. Overall, elections have a small, temporary impact on the housing market.
Real Estate | Your@HomeTeam 