Federal Hill Homes

Home for sale in: Reisterstown, MD
3 beds 2 baths
Available at: $220,000
For more info click here: https://marketing.realogy.imprev.net/i/147HammershireRoada/208803/MDBC2121628/1781/html/website/listing/branded/index.html

How do presidential elections impact the housing market? Here are some quick statistics.

Home Sales: Home sales usually slow down from October to November, with a larger decrease in election years (15%) compared to non-election years (9.8%). This year, 23% of first-time buyers plan to wait until after the election to buy.

Post-Election Home Sales: Historically, home sales tend to rebound after elections, rising 82% of the time in the following year. Experts predict sales will rise from 4.6 million in 2024 to 5.2 million in 2025.

Mortgage Rates: In election years, mortgage rates tend to decrease from July to November, happening 72% of the time. This year, rates have fluctuated, reaching 6.08% in September but overall dropping from a high of 8% last fall.

Home Prices After Elections: Home prices typically increase in the year following an election (88% of the time). This year, prices are projected to rise by 2.5% in 2025.