The Wall Street Journal reports that a recent study suggests that during an election year, especially one that could be very close, that some home sales could experience declines between two and three tenths of a percent. The data was culled from Zillow using 73 U.S. gubernatorial elections in 35 states from 1999 to 2006. While not a major factor, it is still fairly interesting and worth noting as we enter 2016.
“The likely cause, says Dr. Canes-Wrone, is uncertainty, the notion being that house hunters are more reluctant to buy if they’re unsure how an upcoming election will affect their financial fortunes.”
Read the full story at Why It’s Harder to Sell Your Home in an Election Year, WSJ 9/10/15
