The Post-Election Real Estate Market: What Now?
Explore post-election real estate trends: interest rates, inventory, and strategies for buyers and sellers. Navigate the market like a pro.
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The real estate market has opened up with fresh opportunities after the recent election. Smart buyers and sellers need to stay on top of changing market dynamics, interest rates, and housing inventory levels. Your success in this market comes down to making smart moves based on what’s happening right now.
Post-election stability will shape your real estate choices, and you’ll need solid strategies to handle these changes. This piece will tell you why now is a better time to buy, we’ll show you the historical regional variations in market responses post-election and tell you how new housing policies work. In addition, you’ll also learn why now might be also be a good time to gear up and get your home on the market! Finally, hear what experts say about mortgage rates during election years (we’ve already witnessed a decrease this past week).
All of these market indicators will give you confidence as you navigate your buying or selling decisions as we head towards the end of 2024.
Historical real estate data shows the sort of thing I love about how elections influence the housing market. One study indicates that home prices have grown faster during election years, with an average increase of 4.84% compared to 4.44% in non-election years.
Past market performance data can help guide your real estate decisions today. The following data reveals interesting patterns. In 2020, the price increased by 10.43% as the pandemic boom began. In 2016, prices increased by 5.31% during a phase of steady growth. In 2012, prices increased by 6.44% during the recovery phase. And during 2008, prices declined 12% as the housing crisis deepened (Source: Case-Shiller Home Price Index).
Local markets often react differently to election outcomes than national trends suggest. National elections make headlines, but regional factors like employment rates, housing inventory, and local policies create stronger effects on property values.
Areas with high government program investments or pending infrastructure projects tend to see more noticeable market changes.
Real estate professionals and serious buyers or sellers should track these significant indicators while traversing the post-election market:
Your borrowing power has substantially improved as inflation fell from 9.1% in June 2022 to an expected 2.4% annual average for 2024. The Federal Reserve responded to this sharp decline with rate cuts that created more favorable mortgage terms.
We just experienced the second of what experts predict will be several more to come as of last week on November 7 when the Fed cut rates by another 25 basis points. Some experts believe rates could continue to fall even more this week. When the Bureau of Labor releases their statistics, it could indicate another drop in inflation, which could encourage the Fed to continue its rate cut trajectory influencing the markets.
Therefore, the consensus is that buyers should be ready to act quickly! After all, we have seen in several instances rates fall for a bit just to bounce back up again a short while later.
Today’s 30-year fixed rate is currently at 6.90%, according to BankRate, which is .03% less or down three basis points, compared to where we were last week. The 30-year fixed for current mortgage refinances are at 6.87%, down .04% or four basis points, from last week. However, a month ago, the 30-year-fixed refinance was even lower at 6.55%.
According to Ken Johnson with the University of Mississippi in his remarks to bankrate.com, “Election outcomes do not impact mortgage rates — at least not immediately. The trend in 10-year Treasury yields impacts mortgage rates, and the yield on Treasurys has been rising steadily for six weeks.”
So buyers, you should continue to watch interest rates closely in the coming weeks and months.
These proven approaches will help you maximize the improving conditions:
Changes in government policies after elections can substantially affect your mortgage options. Historical data from Freddie Mac shows that mortgage rates dropped from July to November in 8 out of 11 recent election years.
In addition, this pattern, along with current economic indicators, points to better rates in the coming months.
Here are some areas where elections and lending practices are connected:
1. Federal Reserve – Influences overall interest rate trends.
2. Housing Programs – Affects down payment requirements.
3. Banking Regulations – Changes lending qualification standards.
Current rates may not match the lows of 2020-2021, but they do demonstrate a promising downward trend. You should watch for opportunities when rates drop while keeping realistic expectations about how gradually these improvements may happen.
In addition, market research also shows that home prices typically stabilize after elections and create a more predictable environment for buyers.
Your property search success largely depends on your negotiation strategy and approach. These proven approaches will help you and your REALTOR succeed.
Below is a list of tactics along with the reason why it works now:
Tactic | Why It Works Now |
Use Market Data | Sellers respond better to offers backed by data |
Extended Closing | Provides flexibility during transition periods |
Rate Lock Programs | Guards against future rate fluctuations |
Contingency Balance | Current market conditions make this more acceptable |
These key factors deserve attention as you evaluate your long-term investment potential:
A solid investment strategy needs to balance immediate market conditions and long-term growth potential. Strategic buyers who stand ready to act can benefit from stabilizing prices and improving mortgage rates.
The best opportunities in your target area become clearer when you team up with M&D’s experienced real estate professionals who understand post-election market dynamics.
Successful sellers analyze post-election trends and current market conditions to determine the perfect market entry time. Mortgage rates have shown positive movement lately. Buyer sentiment continues to move in a favorable direction, and your strategy must adapt to these market changes.
Market cycles play a crucial role in your home selling success. October’s pending sales show sales activity picking up some speed, and November/December could bring an even bigger and fresher wave of eager buyers.
Real estate data shows an interesting trend – home sales increased after 9 out of 11 presidential elections, which points to strong recovery possibilities.
This market timing strategy table helps you plan better:
Time Period | Market Characteristics | Action Plan |
Early Post-Election | Original market adjustment | Prepare property |
Mid-Term | Stabilized buyer confidence | Active marketing |
Long-Term | Policy effects visible | Price optimization |
Your marketing strategy should reflect what buyers care about right now. Interest rates trending downward after the Fed’s recent actions create an opportunity to highlight these favorable financing terms in your property listings. These elements deserve your attention:
You’ll need to prepare for evolving buyer priorities and possible policy changes. Your property’s competitive position depends on these market dynamics, so you must adjust your strategy.
Long-term value propositions that appeal to today’s buyers should drive your preparation. Mortgage rates will likely keep improving, and you can position your property to attract ready buyers who want these more favorable conditions.
Real estate markets show amazing strength and present new chances after elections. Growth patterns typically remain steady while market conditions stabilize. The outlook appears positive with improving mortgage rates. The real estate sector looks promising for 2024 because of DFW’s strong regional economy and new development projects.
Making smart real estate choices requires you to understand national trends and local market dynamics, which is why we like to keep our clients and supporters informed with the latest real estate news and data each month.
M&D Real Estate can help you make the most of this post-election period when you’re ready to buy or sell.
Our agents and team will not only guide you through current market conditions, but we’ll also help you make decisions you’re completely confident in and that match your real estate goals.
Explore post-election real estate trends: interest rates, inventory, and strategies for buyers and sellers. Navigate the market like a pro.
The Dallas-Fort Worth housing market is experiencing a “hyper-supply” phase with an explosion of homes for sale, driven by an affordability gap. Despite strong demand and job growth in the area, many homes are sitting on the market due to high prices, with experts suggesting that even small price corrections of 5-15% could significantly increase sales and draw down inventory. This market situation presents opportunities for buyers to make offers below asking price, while sellers may need to adjust their expectations to see more activity.
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