Historically, home sales have often risen the year after a presidential election, with sales increasing in nine of the last eleven election cycles. Forecasts for next year suggest around 4.6 million existing home sales, potentially extending this trend.
Why the Anticipated Increase?
Buyer Hesitation:
23% of first-time buyers are waiting, mainly due to high prices and rates.
Rate Forecasts:
Expected mortgage rate decreases could bring more buyers into the market.
