Homebuyers and sellers, the elections of 2024 are over, so are you curious about what happens to the housing market after an election year? You’re not alone. Many buyers, sellers, and investors wonder how a new administration or continued policies might impact real estate.
Hi, I’m Tanja Odzak, eXp Realty. I love helping people. I’m a Senior Level Realtor and I help people sell and buy homes right here in the East Bay!
So, what typically happens in the real estate market post-election and what could it mean for you?
First, let’s start with interest rates. After an election, there is often speculation around potential changes to interest rates, as new economic policies can influence the Federal Reserve’s decisions. However, it’s important to remember that the Fed adjusts rates based on economic data, not just politics. So, while changes could happen, rates typically remain steady until significant shifts in the economy occur. If rates do change, buyers and sellers may see adjustments in purchasing power, which could affect demand and price.
Next, let’s talk about market activity and consumer confidence. Post-election periods can bring renewed market confidence as buyers and investors feel more clear about the direction of the
economy. Buyers who held off before the election often return to the market once there’s a clearer outlook. Buyers and sellers should also look at the potential new taxes and housing policies. Sometimes a new administration may bring changes to tax benefits related to homeownership, such as mortgage interest deductions or property tax deductions. They may also propose programs to encourage affordable housing or incentives for first-time buyers. That is why it is important to stay informed on new policies and how they could impact your finances, especially if you’re considering buying or selling.
So how can you best prepare your home search or sale post-election? The months following an election often bring gradual changes, and knowing what’s ahead can make all the difference. The months after an election often bring gradual shifts, so preparation is key.
Whether you’re buying or selling, partnering with a real estate professional (like myself!) who understands market trends and policy impacts is essential. I stay ahead of the curve to provide you with expert advice tailored to your unique needs. Let’s navigate these changes together! Call me and let’s discuss how post-election dynamics may influence your real estate goals. I’m here to help you make informed, confident decisions.
And if you or someone you know needs to sell a home, ask me about my home-selling plans.. I took the pain out of negotiating with a Realtor and made it SUPER simple. Really! Choose Silver, Gold, or Platinum- Pick your Plan and Pick your Price. Terms do apply. I’m Tanja and I sell homes. Let’s get you going, Call me today!
I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit.
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