Monday Market Updates: Historic Election Impacts
Don't Let Short-Term Market Reactions Impact Your Long-Term Housing Goals
Happy November! This is the month that defines our entry into the final 60 days of 2020, and this week is a particularly pivotal one as it is election week. While we do not believe in talking politics online, we do believe in historic facts and data-driven decisions. As such, we have pulled 5 articles which reveal how previous elections have impacted housing and the stock market, and what experts have projected for this year.
As Mark Laricy from The Matt Laricy Group in Chicago stated to Forbes earlier this year, “Why [presidential elections] affects the market more than any other elections is simply because people fear change. Whenever people get nervous, they don't make rational decisions. They make emotional decisions.” On that note, we encourage you to approach this week expecting some short-term market volatility, but not allowing what happens this week or this month to derail your current and future plans.
Please feel free to reach out if you want to explore the best timing for you for an upcoming move, real estate investment or downsizing strategy. We are committed to providing objective, experienced and ethical advice that keeps your best interests at the forefront of any decision to stay, sell or buy
Here Is What A Presidential Election Means For Home Sales And Prices (Forbes)
In Summary: “In general, presidential races breed uncertainty in the housing market, which alters attitudes among home shoppers, sellers and investors and, thus, sways sale volumes and values. However, with today’s favorable economic outlook when it comes to mortgage rates, unemployment and consumer confidence, the upcoming presidential election might do little to impede first-time buyers or those shopping for lower-to-median values homes.”
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Election Day: How Markets Have Typically Performed (Nasdaq)
In Summary: “While presidential elections are certainly consequential there are other factors that ultimately drive markets. Prominent among these are economic growth trends and corporate earnings. History suggests that whoever wins and whatever set of policies is pursued, markets will adjust. And that, at least, should provide some peace of mind in this otherwise raucous election season.”
Read In Full: https://www.nasdaq.com/articles/election-day%3A-how-markets-have-typically-performed-2020-11-01
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2020 Election–How Will It Impact Housing? (MReport)
In Summary: “Realtor.com’s Chief Economist Danielle Hale boils it down to two points of view—one shared largely among Republicans, the other among Democrats. ‘When voters make a decision in November, the choices are largely preserving the status quo in the housing market versus expanding opportunities for minorities, low-income and lower-middle class households,’ Hale said. “
Read In Full: https://themreport.com/daily-dose/08-18-2020/the-2020-elections-anticipated-effect-on-housing
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How Will the Presidential Election Impact Real Estate? (Keeping Current Matters)
In Summary: “If mortgage rates remain near all-time lows, the economy continues to recover, and unemployment continues to decrease, the real estate market should remain strong up to and past the election.”
Read In Full: https://www.keepingcurrentmatters.com/2020/09/02/how-will-the-presidential-election-impact-real-estate/
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Trump vs Biden: How Do Elections Affect the Stock Market? (Nasdaq)
In Summary: “Over the course of time, no election has resulted in permanent damage to the stock market. The S&P 500 has increased through time, regardless of the who is in the White House. There can of course be short term volatility, and certain policies can have detrimental implications for certain industries, or specific companies. Make sure you think rather than simply buying something because Joe Biden or Donald Trump won. Justify it with analysis.”
Read In Full:
https://www.nasdaq.com/articles/trump-vs-biden%3A-how-do-elections-affect-the-stock-market-2020-10-31
All our best,
Bobbi & Team
All my best,
Bobbi Decker
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Broker Associate
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www.bobbidecker.com
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