2020 November Real Estate and Mortgage Trends
The housing market tends to see a slight pause during the height of the election season. Sellers tend to be reluctant to list their homes until an election result. Buyers on the other hand continue to enter the market. The new low rate (again) 2.87 percent average (again) is driving sales but available homes struggle to meet the demand. The year after an election has shown to be one of the strongest. With a new presidential administration, consumers will continue to see how new policies and regulations may reshape the housing market.