Does the presidential election affect the real estate market? [Video]

PHOENIX — Presidential election years can greatly impact our economy, specifically real estate market trends. Traditionally, election years mean lower-than-normal activity on the housing front, according to a Valley real estate expert. 

A report from Meyers Research showed that home sales can dip as much as 15% in November when there’s an election compared to non-election years. That research included the last 13 election-year cycles prior to 2023. It also found that housing sales aren’t necessarily lost in an election year; they’re pushed to the next year. 

An expert out of Princeton blamed the slower sales period on those who were reluctant to buy because they were not sure how the election would affect their finances. Halpern Residential Founder, Trevor Halpern, said in Phoenix, the local …