Does the election scare off California homebuyers?

  • The California housing market has rarely seen negative sales growth during an election year.
  • California home sales in the final months of an election year picked up by an average 5.3 percent, compared to a 1.8 percent drop posted during the final months of non-election years.
  • 70 percent of California survey respondents who plan to buy a home said they would like presidential candidates to discuss affordable housing policies during the campaign trail.

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If you’ve been paying attention, you know this year’s presidential election is anything but regular. But is the highly-publicized and lesser-of-two-evils narrative creating hesitation among California homebuyers?