Has the Election Spooked the Texas Housing Market?🎃 It Seems So!

There is no doubt, the 2024 presidential election is making waves in DFW real estate. Historically, elections always bring some uncertainty—buyers pause, interest rates shift, and policies are up in the air. But this year, the results seem to be even more pronounced.

But here’s what the historical data shows: After past elections, the housing market in North Texas has often rebounded quickly, with DFW home prices climbing up to 9% in the months that follow. So, if you plan to sell a home, the time after the Winter holidays should be a great opportunity to get the house ready for a sale. If you plan to buy a home, the lowest prices of the next 12 months or so will be between November 2024 and February 2025.

Here are 4 quick videos that explain why the housing markets are down right now:

US Home Sellers Suffer During the Pre-Election Weeks
Summary: Many first-time buyers are waiting until after the election to act.

Is the Election to Blame for the Market Slowdown?
Summary: Sales slow by 15% in election years compared to 9% otherwise.

3 Ways the Election is Affecting the Market
Summary: Buyers are waiting due to uncertainty about policies and rates.

Interest Rates Dropping After the Election?
Summary: Buyers expect lower rates soon, which could boost demand.

As they say, “The confused mind never buys” – and that confusion is translating is extremely cautious home buyers behavior. But the good news is that confusion should start to fade right after Nov 3, the next Fed meeting, and so we should see the some market changes after the election.

If you’d like to stay updated on all the real estate happenings (locally and nation-wide), follow my YouTube channels for the latest market insights and developments. Track U.S. national trends here: National Real Estate News and stay tuned to Texas-specific updates here: Texas Real Estate News.

P.S.

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• zip code sales data assessment to estimate the best months for highest / lowest sale price
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• and more….