Election Outcome and the Housing Market (Episode 123)

The outcome of the election has an impact on the housing market, but the net effect in the short term is yet to be determined. Inflation will likely be stickier next year than previously thought since after the election, while the economy could grow faster in 2025. While interest rates are expected to decline more slowly than what was projected before, the market outlook is murkier than a month ago as the election results created more uncertainty for the market in the path ahead.