Elections, especially presidential elections, are good for real estate. It's clear how having the economy strong helps the incumbent to stay in office. It's not always clear how that can be done, although lowering interest rates is always helpful.
This year, interest rates are already very low. It's still true, we think, that this time of year is when they are lowest, so it's rarely a mistake to buy or refinance now. The uncertainty of an election also can make it easier to buy when others are not taking chances. During this particular season, the stock market has been volatile, meaning that real estate looks safer in comparison.
In Connecticut, we have always associated fall with beautiful colors and changing leaves, but we also see it as a time of renewal. Crisp air brings the return to school, and often gives people a spring in their steps, after a summer of humidity and heat. That can be a spur to increased activity, and a return to normal days and weekends at home, perfect for looking at real estate.
We find that very early morning is a busy time on our website, and cool, dark mornings are perfect for surfing the web. Why not curl up with an iPad, a cup of coffee, and some new listings? Then arrange to see them this weekend!
For sellers, we would again remind you that this fall is not like others--the market is still busy. Just blow those leaves off the driveway, put some pumpkins on the doorstep and some cookies in the oven, and open your doors for buyers to visit. You can still be in your new dream home by the end of the year!
