Articles

Elections influence the lives of all citizens but does it impact the commercial real estate market as well? The short answer: yes, and it does in many ways, including a psychological way. Citizens perceive incoming change when a new administration is introduced; the economy is directly affected by the policies set forth by the sitting president and state representatives. Some sellers will wait and see what the initial effects of the election will have and make further decisions later. While the election results will not inherently affect home prices, they do have an effect on the buyers, sellers, and investors. Experts suspect this is because of a heightened awareness of local and national problems, which elections seem to highlight.   Low income areas might see an influx in investor activity if an incumbent official is elected that has a history of favoring low taxes and regulations. Low priority areas and low income housing often find themselves without funding or attention as it is unclear what the future administration will change. Overall, a new administration presents an opportunity for changes in policy that have the potential to impact the current real estate market and investments.