Thanksgiving is just weeks away and can you imagine the political discussions that are going to happen around the mashed potatoes this year? Better load up your plate and find a seat at the kids table.
While it’s not our business to talk politics, politics does affect our business.
This particular election has been a contentious one. It has made people a little nervous and a lot on edge. According to the Huffington Post, this election is so stressful psychologists have decided to measure it. And when people are nervous or stressed they tend to hold off on making big decisions.
According to a movoto.com study of the California real estate market, house prices typically rise 1.5% less during an election year than in the year prior to the election, and 0.8% less than in the year following the election. However, while there may be some impact to the housing market, it’s only after policies of the elected candidate are implemented and begin to take effect would we potentially see a more significant shift.
So, yes, there is uncertainty around any election. But because of Arlington’s location, schools, public transportation and many other amenities, it has historically been a stable market through election years, housing downturns and economic uncertainty.
Having been in this market for 30 years, we’ve seen it all and can speak to these fluctuations first-hand.
What does this mean for you? Home buyers and sellers willing to move ahead in a market of relative uncertainty are poised to benefit when others might be more hesitant. And as they say, he who hesitates might miss a great opportunity to sell their home for a great price or find their dream home. Or something like that.
And if the thought of having a Thanksgiving dinner conversation with Uncle Tom has you on edge, well you may just want to turn the topic to real estate and talk about those cool new listings in town.