2024 Election Aftermath: What’s Next for Housing Market & Real Estate? | Tom’s Take #401

With the 2024 election behind us, it’s time to look ahead at what’s coming next for the housing market. In this video, we break down how historical trends and recent data show an increase in home sales and rising property values following presidential elections. Learn what the next year could hold for buyers and sellers, how the Federal Reserve's recent moves might impact mortgage rates, and why certainty is key for making smarter real estate decisions. Whether you're planning to buy or sell, stay informed and ready to navigate the market in 2025. Don’t forget to schedule a call with our team to get personalized insights on your local real estate market! Timestamps: 0:00 - Election 2024 is over: What happens next? 0:05 - Relief after the election: No more texts, door knockers, or mailers 0:11 - Now that the election is over, let's talk about housing 0:19 - Certainty in the market: What comes next for homebuyers and sellers? 0:32 - Historical trends: Home sales usually rise after presidential elections 0:57 - Home prices have risen in 7 out of the last 8 elections 1:26 - Northeast housing market: More homes, higher prices 2:00 - Inventory up by 11%, prices up 7% year-over-year 2:29 - Low inventory: The housing market is still a seller's market 3:02 - Federal Reserve's rate cut: How it impacts the market 3:22 - Mortgage rates dropping: Positive signs for homebuyers 4:01 - Predictions for 2025: Lower mortgage rates and more housing transactions 4:52 - Spring 2025: Expect more competition and demand in the housing market 5:06 - Timing the market: Savvy buyers and sellers are planning ahead 5:34 - What to expect in the spring housing market 5:56 - Ready to make a move?