How Presidential Elections Affect the Real Estate Market: A Little Bit of Politics, A Lot of Real Estate!

As election day unfolds, it’s natural to wonder how presidential results might impact the housing market. Whether your candidate wins or loses, one thing remains certain: people still need homes, and real estate continues to thrive in all seasons. So, while the airwaves are buzzing with poll numbers and pundits, let’s zoom out to look at what history tells us—and why there’s every reason for hope in the housing market, no matter who wins.  1. A History of Real Estate Resilience The housing market is a time-tested constant. In fact, over the past 11 presidential elections, we’ve seen a clear pattern: home sales tend to rise after the election dust settles. Why? Because, regardless of who’s in the Oval Office, Americans move for jobs, life changes, and the pursuit of new dreams. Real estate doesn’t wait on political cycles—people need a place to call home, and that’s a timeless truth. In some cases, the post-election period can actually *spur* the housing market. Buyers, seeing a bit more clarity, are often ready to move forward. And with interest rates on their own trajectory (currently quite competitive), there’s strong motivation for buyers and sellers alike to make a move, even as political winds shift.  2. The Election Year Myth: Buying and Selling is “On Hold” It’s a common myth that election years bring the real estate market to a standstill. But the reality? People are still buying, selling, and moving forward, whether the decision is to upsize, downsize, relocate, or invest. Our team at Texas Legacy Realty has helped countless clients make moves during election years, and we know that the market adjusts, and so do we. Think of it this way: while elections bring change, the need for housing is as constant as ever. From job relocations to new family needs, life marches on, and the real estate market follows suit.  3. Home is Where Your Vote Counts At the end of the day, home is where it all happens. It’s where families gather, businesses grow, and memories are made. Real estate is about finding that perfect space to live your life, vote for your dreams, and build your future. As we watch the election unfold, remember that what matters most is creating a place to call your own, regardless of who wins.  4. Laughter, Levity, and Looking Forward We get it—elections are stressful! But there’s a humorous side to the process too. Whether you’re watching the numbers roll in with a bowl of popcorn or avoiding news altogether, we can all agree that some things remain constant. For example: - Houses don’t change their party affiliation. They’re always a great investment!- Interest rates have their own agenda. No matter the outcome, rates are likely to follow their own path—and right now, that path is still friendly for buyers.- Homeownership is a vote for stability. Every closing is a chance to create your own future, and it’s a choice that’s yours, every single time. 5. A Vote for Your Future in Real Estate No matter where you stand politically, we can all rally behind one goal: finding a place to call home. Whether you’re looking to buy, sell, or invest, Texas Legacy Realty is here to help you navigate with confidence. Because here’s the truth: the best time to make a real estate move is when *you’re ready*. So, as election day wraps up, remember that the market is as resilient as you are. People will continue to buy, sell, and invest in real estate, and Texas Legacy Realty will be here to help every step of the way. Here’s to a hopeful future, a thriving market, and making each house feel like home—no matter who’s in office. Happy election day, and remember, your dreams don’t need to wait for a recount! 🗳️🏡

How Affordability and Remote Work Are Changing Where People Live

There’s an interesting trend happening in the housing market. People are increasingly moving to more affordable areas, and remote or hybrid work is helping them do it.Consider Moving to a More Affordable AreaToday’s high mortgage rates combined with continually rising home prices mean it’s tough for a lot of people to afford a home right now. That’s why many interested buyers are moving to places where homes are less expensive, and the cost of living is lower. As Orphe Divounguy, Senior Economist at Zillow, explains:“Housing affordability has always mattered . . . and you’re seeing it across the country. Housing affordability is reshaping migration trends.”If you’re hoping to buy a home soon, it might make sense to broaden your search area to include places where homes that fit your needs are more affordable. That’s what a lot of other people are doing right now to find a home within their budget. Extra Space Storage explains:“55% of American adults are looking to relocate to a different state or city for more affordable homes and lower costs of living. . . Specifically, states with a strong economy, lower costs of living, and remote work options continue to be the ideal places to live in the U.S.”Remote Work Opens Up More Home OptionsIf you work remotely or drive into the office only a few times each week, you have many more possibilities when looking for your next home. That’s because you can cast a broader net and include more suburban or rural areas nearby. As Market Place Homes says:“People start to reconsider where they want to live when commute times are slashed in half or eliminated altogether. If they have a longer commute but don’t have to do it daily, they may feel like they can tolerate living farther away from their job. Or, if someone works entirely remotely, they can move to a cheaper area and get a lot of house for their dollar.”How a Real Estate Agent Can HelpA real estate agent can help you find the perfect home for your budget. They’re especially valuable if you’re moving to a new, unfamiliar area. Bankrate says:                                                                                         “If you’re moving far away, you may not have a good idea about which neighborhoods or towns will be the best fit. An experienced local agent can help you find the lifestyle you’re looking for in a home you can afford.”So, if you're thinking about relocating to somewhere with more affordable homes, what are you waiting for? With the added flexibility of remote work, you might have more options than before.Bottom LineDreaming of a place where your money goes further? Connect with a real estate agent so you have someone to help you find your next home. Together, you’ll make your dream of homeownership a reality.

The Biggest Mistakes Homebuyers Are Making Right Now

Some HighlightsWant to know the biggest mistakes homebuyers are making today?They include everything from putting off pre-approval for too long, holding out for the perfect home, buying more than they can afford, and skipping out on hiring a pro. Connect with a real estate agent to make sure you have a pro on your side who can help you avoid these mistakes.