Does the election scare off California homebuyers?

Data shows the presidential vote often increases demand
  • 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.

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?