With all the talk about the presidential election being so close, some thought it could take weeks to determine the eventual winner – and only a powerful Trump victory could avert it.
Standoff averted!
No matter how you feel about it, another Trump presidency should be good for home sales.
Why? Because we saw when Covid broke out that uncertainty encourages people to hunker down.
Buyers will be motivated to end their search before rates go much higher – which will be in the mid-7s shortly. If my predicted surge in inventory happens early in 2025, there will be plenty of homes to go around. Some will wait-and-see, but the highly-motivated buyers and sellers (the only ones that matter) will be pushing to make deals as soon as possible.
Who should put their home on the market right now?
- The homes with big ocean views. December and January have clear weather and the best time to appreciate the view, unlike April-June when it is gray and gloomy.
- Fixers – the homes that need work are easy to skip when the choices are plentiful.
- The unicorns – the unusual homes that are hard to value.
Just when it looked like home sales were going to take a break….here we go!
