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Are politics affecting the housing market?

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Housing Market News

Political Uncertainty,Home Sales,Consumer Confidence

Home sales remain soft, with a Redfin real estate agent noting the concerns over the 'political climate' while addressing the sluggish market.

that pending sales fell to the lowest level of any month aside from April 2020 – the peak of the pandemic shutdowns.

“They can afford to buy, but have been holding off because it’s unclear where the country will be in six months,” Redfin agent Nicole Stewart said in the “I think when we talk about the broader dynamics of the housing market, politics is not a factor that is typically cited as among the chief reasons for housing market activity,” he said. “Those reasons are primarily economic, and those dynamics have been quite dramatic.”

 

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