"I Can’t Buy a House. I Can’t Shop. I’m Too Worried About the Election"
Is This Headline from the New York Times True?
Election anxiety is translating into buyer and seller anxiety in real time, but in Washington, DC, the center of elections, the actual market data tells a different story.
This data suggests more interest rate influence, with the recent cut in rates driving the market. The National Association of Realtors will release existing home sales for September 2024 will be released on Wednesday, October 23, 2024, at 10:00 a.m. Eastern.
While the emotional anxiety of buying and selling a home is very real to many people, as the New York Times article lays out,
In Westport, Conn., a 35-year-old who works for an investment firm is holding off on making any financial investments until after the election. Across the country, in Kenosha, Wis., a man who works in sales said he would love to buy a house and get out of his rental, but with Election Day less than a month away, he can’t possibly make such a colossal decision.
Let's see what the data tells us in the coming days.