With the presidential election just weeks away, many people are concerned about what effect this election will have on the housing market. In reality, things look good no matter who is elected.
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As the 2016 election nears, we find that several aspects of business are affected. What does that mean for the housing market?
One of the leading indicators of where we’re headed is consumer confidence. Consumer confidence is the willingness of an average U.S. citizen to purchase or finance a large asset. What we have found is that consumer confidence tends to remain high as we approach the election.
The National Association of Realtors says the housing market did show resilience and had its best first quarter of the year for existing home sales since 2007.
The dream of homeownership is still alive.
The outlook of the national housing market is projected to stay strong through the remainder of the year. The dream of homeownership, the American dream, continues to remain stronger than the fear of uncertainty in the next presidency. As we approach this election, the market is still strong and it is still a great time to buy and sell in Charleston.
If you have any questions, don’t hesitate to give us a call or send us an email. We would love to hear from you soon.
