Main Line Realtor® Sage Realty Announces Positive Outlook for the Real Estate Market despite the Presidential Election
Wayne, Pennsylvania – October, 2016 – Sage Realty, a Main Line Realtor®, is pleased to announce that experts are predicting a continued positive momentum within the real estate market as this year’s election comes ever closer. While the election is expected to have an impact on the housing market, the outcome is likely to be favorable.
Election years have a history of negatively impacting the real estate market, among other aspects of the economy. The drop in prices likely stems from a decrease in home sales in the last year of a President’s term. On average, home prices have declined by about 1.5% during election years because buyers are wary regarding the next President’s impact on the housing market.
However, no drop has materialized this time and Federal Home Loan Mortgage Corporation, formally known as Freddie Mac, has been quoted as saying, “Despite the disappointing economic reports, we still forecast housing to maintain its momentum in 2016.”
According to RealtyToday.com, selling a home during the election is generally more difficult because of the potential changes in the current real estate and mortgage policies. However typically the interest rates show no rapid rise during the year of an election or the one following, which allows a measure of stability for home buyers and sellers.
Buyers may benefit from the lower prices and enjoy a potential for greater return on investment by taking advantage of the uncertain market. Buyers who wish to learn more about the impact of this year’s election are encouraged to contact the Main Line realtors® at Sage Realty directly.
About Sage Realty
Linda Walters founded Sage Realty over ten years ago to help buyers in the Wayne, PA, and surrounding areas find their perfect home. Tracey Carney, the newest member of the Sage Realty team, brings her passion for helping people reach their dreams. These Main Line Realtors® provide both buyers and sellers with knowledgeable and experienced guidance in the real estate process.
37 West Avenue Suite 103
Wayne, PA 19087
For more information, please visit: www.FindAHomeInPA.com
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