Thinking about buying or selling a home in Orange County this election year? It’s a big decision, and understanding the Orange County housing market is crucial.
While elections can cause temporary fluctuations, Surterre is here to guide you through it all! So, will the upcoming vote impact the housing market? Let’s break it down and alleviate those jitters.
Election Jitters + Home Sales
There’s often a slight dip in sales during November, but it’s temporary. Historically, Orange County home sales bounce back in December and keep climbing the following year. Data even shows an increase after nine out of the last eleven elections!
Election Season + The Orange County Luxury Market
Worried about Orange County luxury homes dropping in value? Relax! Prices are generally resilient and tend to rise year-over-year, regardless of elections. In fact, after seven of the last eight elections, luxury home prices actually went up!
Election Years + Mortgage Rates
Here’s good news for Orange County first-time buyers! Mortgage rates tend to decrease slightly from July to November in election years. Forecasts suggest rates might ease further this year, making buying a home potentially more affordable.
The Big Takeaway
Presidential elections might have a small, temporary impact on the Orange County real estate market, but it’s usually nothing major. Don’t let election uncertainty hold you back!
Ready to make your move in Orange County? The housing market remains strong, election year or not. Surterre’s local real estate specialists are here to help you navigate the market with confidence, whether you’re a seasoned investor or a first-time buyer in Orange County. Contact us today at SurterreProperties.com and let’s chat about making your dream home a reality! You can also search our exclusive listings now.
