Is Trump vs. Clinton election making some Phoenix homebuyers jittery? (Not really, says real estate consultant Jim Belfiore)

screen-shot-2016-10-24-at-5-34-27-am

By Catherine Reagor | The Republic

Metro Phoenix home sales and prices were up in September

A few weeks ago, the number of Valley home shoppers appeared to dip

Metro Phoenix’s housing market hummed along during August and September. Sales picked up and prices hit a new post-crash high, despite the heat.

But then a few weeks ago, homebuyers seemed to get a little scarce. Owners of houses for sale started seeing fewer visitors. Some open houses began attracting a smaller number of buyers.

It could be election jitters, say some real estate agents. The housing market often slows around big elections as people turn their attention to political battles.

Continued:

“Every national election I can remember had some people in the real estate industry suggest such a slowdown has occurred. Perhaps it is happening now, in a few areas with a certain segment of buyers, but the latest new home data show no such slowdown when all communities are considered. Data collected through last week reflect similar to seasonal patterns to last year and typical non-election years. Sales and traffic levels are flat to up year-over-year.”

~ Jim Belfiore, Belfiore Real Estate Consulting

Share this!

Additional Articles

Top master-planned communities for 2024

By AZ Big Media Here are the Top 10 master-planned communities in Arizona, based on public voting for the 2024 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Ranking Arizona

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

October 2016
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31