Businessman hand protect and stop wooden house from domino falling wooden bar for risk management and analysis of real estate concept.
Prospective property owners may perceive the period leading up to an election as a time of heightened unpredictability, leading them to adopt a wait-and-see approach before making significant decisions.Blake Realtors’ William Blake watered down the speculation that property owners are holding back on selling their properties due to election uncertainty. On the contrary, he said buyers are rather the ones holding back from acquiring new properties.
Furthermore, the potential for changes in government policies, particularly those related to real estate or property taxes, can create a sense of unease and reluctance to commit to a sale.Blake shared that one of his clients recently switched to a rental option as opposed to buying property.