While our country’s overall economic state may be slowly but surely returning, the presidential election may cause consumers to watch and wait in the weeks to come.
However, as we saw with the pandemic, the reward of locking in record-low mortgage rates also may continue to outweigh any consumer caution and drive buyers and sellers to act.
Plus, low inventory and high buyer demand puts sellers in a very powerful position.
History suggests that a slowdown in the housing market is inevitable, but this is definitely not your typical presidential election and every real estate professional should keep a close eye on what’s happening.
The best way to do this is to stay on top of the latest market news and insights, so you can be a voice of reason to your clients during these turbulent times.
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