There’s always a sense of unease when the election draws near, especially with all the news stories about political party discussions, proposed policies, and promises made by presidential contenders. The real estate market is impacted by worries regarding the unpredictability of the upcoming election.
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Election-related real estate market slowdowns have historically started about 10 months in advance of the election. Transaction volume has declined during this slump, especially in the commercial real estate market. But even in the face of a slowing market, prices don’t usually drop in the run-up to the election.
Internal issues within each property sector, including an oversupply problem, may cause adjustments in property prices and rental rates. Usually, the real estate market picks back up following the election.
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