Local realtors anticipate housing market impact from presidential election

SAN DIEGO - Housing will be a key issue for voters during this election, but how will the next elected president impact the housing market?On the one hand, Vice President Kamala Harris' plan claims to add three million new housing units nationwide over the next four years. That includes a $25,000 down payment assistance and tax incentives for first-time homebuyers.

With the election just around the corner, Kyle Whissel of Whissel Realty Group said whether red or blue, the housing market will be impacted.'You could argue either way,' said Whissel. 'I don’t think it matters which of the two gets elected. It’s just there’s more uncertainty this year than in previous years.'Whissel said historically, mortgage rates have decreased in eight of the last 11 election cycles.

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Local business owner given more time to move after ABC 10News contacts government agencyJane Kim joined the ABC 10News team in Oct. 2024 as a news producer and multimedia journalist.
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