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Election Year Economy | The Keenan Carter Group, Keller Williams Realty CC Blog

Wednesday, October 7, 2020   /   by Traci Pimentel

MARKET UPDATE: How Are Interest Rates & An Upcoming Election Impacting Home Sales?

Market Update

Even though we saw a slight decrease in new listings, opened escrows and sold homes this past week, the real estate market continues to thrive.
San Luis Obispo County has double the production currently compared to the state of the market in January of this year.

Despite the continued pressures of the pandemic, consumer home-purchasing power has stayed strong as mortgage rates remain at record lows. Meanwhile, for-sale inventory has continued to dwindle, dropping 17% nationally year over year in August, which created upward pressure on home price appreciation as buyers compete for the limited supply of homes.

Across the country, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year, giving sellers powerful options in this market.

The real estate market has ...

  real estate, keenan carter group, keller williams, central coast, san luis obispo county, real estate market, housing affordability, real estate market update, housing market update, market update, low interest rates, low inventory, election year economy, real estate during election

Thursday, October 1, 2020   /   by Traci Pimentel


Whether we’re ready for it or not, the 2020 presidential election is right around the corner.

As if this year hasn’t brought enough uncertainty, an election could be causing your clients to question their buying and selling plans…again.
Rocky political environments can create instability in the stock market-causing consumer confidence to drop. But the real estate market isn’t rocky…it’s rock solid. And delaying plans could mean your clients missing out on once-in-a-lifetime affordability.
To get to the heart of this, it’s important to understand how the history of past presidential elections combined with today’s market factors might play out in real estate this time around.
Here’s what we know.

The Real Estate Market Might Slow Down-But Not for Long

Historically speaking, home sales typically slow down in the fall following the spring and summer rush. BTIG, a research and analysis company, looked at new home sa ...

  real estate, keenan carter group, keller williams, central coast, san luis obispo county, real estate during covid 19, real estate market, real estate market update, santa barabara county, presidential election, real estate during election, election year economy, economy

The Keenan Carter Group
Richard Keenan And Narlene Carter Keenan
350 James Way, Ste 130
Pismo Beach, CA 93449
Keller Williams Realty Central Coast DRE# 02005015
The Keenan Carter Group DRE# 00860187
Each Office is Independently Owned and Operated.

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