Will the Election Impact the D.C. Housing Market?

How will the current presidential election impact the D.C. housing market?

There have been a few studies across the country which claim that presidential elections tend to slow the market down and lead to a decrease in home prices. Washington, D.C.’s market works a bit differently from other markets, however. In fact, at the end of this year and early next year, we are expecting to see a rise in transactions as a result of the people coming into and leaving D.C. This means that we will see more activity in the market.

At the same time, it’s important to know that many of the positions that people hold in government are permanent, so the D.C. market is very stable.

The D.C. market is very stable.

We have long been a go-to firm for those who are at the highest level in government and keep their future plans in the utmost secrecy. Because of this, we have already received a few calls from officials who are expecting to leave the D.C. area in the near future and their houses will be listed on the market soon.

Many of the people coming into the city will rent for a brief period of time, and will ultimately purchase once their period of uncertainty has passed. We’re expecting this to roll over into 2017, as many times these people will sign a short-term rental lease and then decide to buy the next year. All of this is really good news for the Washington D.C. metro area.

If you have any questions about selling or buying in the D.C. area, please give us a call or send us an email soon. We look forward to speaking with you!