Prospective homebuyers in America are being faced with a slew of challenges. Short supply, heavy demand and stubbornly high interest rates make navigating the housing market a difficult affair for many.The election on the horizon presents another factor those looking to step onto, or move up, the property ladder may have to take into consideration.House Prices and Mortgage Rates'There is certainly a human element to housing prices and mortgage rates.
It will help first-time homebuyers find an affordable home, help individuals looking to upsize or downsize their home, and those that are looking to move to a new area.'How Election Cycles Impact the Housing Market'More than anything, what typically affects the housing market in election years is the market's reaction to the election results.