{"id":5366,"date":"2012-05-18T03:00:32","date_gmt":"2012-05-18T11:00:32","guid":{"rendered":"https:\/\/www.movoto.com\/blog\/?p=5366"},"modified":"2012-05-18T03:00:32","modified_gmt":"2012-05-18T11:00:32","slug":"election-years-are-bad-for-home-prices","status":"publish","type":"post","link":"https:\/\/www.movoto.com\/blog\/election-years-are-bad-for-home-prices\/","title":{"rendered":"Election Years Are Bad for Home Prices"},"content":{"rendered":"<p><a href=\"#infographic\">Jump to Infographic<\/a>&nbsp;&nbsp;&nbsp;&nbsp;<a href=\"https:\/\/www.movoto.com\/blog\/es\/los-anos-electorales-son-malos-para-los-precios-de-las-viviendas-2\/\">En Espa\u00f1ol<\/a><br \/>\n<div style=\"width: 600px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" title=\"Voting\" src=\"https:\/\/s3.amazonaws.com\/movotoblog\/2012\/05\/vote+by+league+of+women+voters.jpg\" alt=\"\" width=\"590\" height=\"329\" \/><p class=\"wp-caption-text\">By League of Women Voters of California<\/p><\/div><br \/>\nAt Movoto, <a href=\"https:\/\/www.movoto.com\/blog\/celebrity-homes\/how-much-would-the-white-house-cost-in-your-backyard\/\">we\u2019re inquisitive people<\/a>. So, when one of our Realtors asked if presidential election years were good for housing, we wanted to know.<br \/>\nUsing historical data from the <a href=\"http:\/\/www.car.org\/\">California Realtors Association<\/a>, we crunched numbers and noticed that home prices rise less quickly in years with presidential elections. It wasn\u2019t a drastic change, but a change nonetheless.<br \/>\nWhat does this mean? When you own a house you expect the price of your home to increase each year. After all, it\u2019s not just the place you live, but it\u2019s also an investment. But in election years, the price you increase by less than expected.<\/p>\n<h2>The Average Increase in a Home Price<\/h2>\n<p>For the three years surrounding the presidential election (the year before, during, and after), we noticed that:<\/p>\n<ul>\n<li>The year before an election home prices rose by 6 percent.<\/li>\n<li>During the election year home prices rose by 4.5 percent.<\/li>\n<li>After the election year home prices rose by 5.3 percent.<\/li>\n<\/ul>\n<div class=\"tip-box\">\n<div class=\"tip-padding-wrapper\"><span class=\"tip-title\"> 1.5% might not seem like a lot, but let\u2019s place it in perspective.<\/span><\/p>\n<p class=\"tip\"> In 2011, the average sales price of an existing home was $166,000. Normally your house would expect to gain $9,462 in price, but because of the election you gain only $7,462. That\u2019s <b>$2,000<\/b> you effectively lost because of the election.<\/p>\n<\/div>\n<div class=\"tip-image-wrapper\">\n<img decoding=\"async\" class=\"owl\" src=\"https:\/\/s3.amazonaws.com\/movotoblog\/2012\/05\/owl1-sml.png\" alt=\"Mo\" border=\"0\" \/>\n\t\t<\/div>\n<div style=\"clear: both\"><\/div>\n<\/p><\/div>\n<p>&nbsp;<br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"http:\/\/s3.amazonaws.com\/movotoblog\/2012\/04\/images\/difference-in-value-because-of-election.png\"><\/p>\n<h2>How Can This Be?<\/h2>\n<p>The change in potential pricing got us thinking about why this might be. Our hypothesis: Presidential election years are stressful for the American people and in times of uncertainty people are less likely to take chances\u2014this includes making large purchases such as a new house.<br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" title=\"Our Hypothesis \" src=\"http:\/\/s3.amazonaws.com\/movotoblog\/2012\/04\/images\/our-hypothesis.png\" alt=\"\" width=\"553\" height=\"98\" \/><br \/>\nIt\u2019s a good theory. At least we thought so. After we patted ourselves on the back, we reached out to the <a href=\"http:\/\/www.realtor.org\/\">National Association of Realtors<\/a> (NAR) for some insight.<br \/>\nWalter Molony, a spokesman for NAR, scratched his head and came back with this response:<\/p>\n<blockquote><p>\u201cWe\u2019ve observed no correlation between levels of home sales and an election year. The market responds to a wide range of economic factors, including jobs, interest rates and consumer confidence.\u201d<\/p><\/blockquote>\n<p>But Molony did note something else. In the nation\u2019s capital, when every couple of years scores of politicians and campaign staff come and go, <a href=\"https:\/\/www.movoto.com\/blog\/novelty-real-estate\/white-house-for-sale-infographic-2\/\">it\u2019s not unusual for home sales to jump<\/a>.<br \/>\nSo, what can we say? We aren\u2019t sure. Election years, especially presidential election years, can be a divisive time in America. Family, friends, and neighbors might turn a cold shoulder to one another to commiserate among the politically like minded. And when it comes to housing, a particular brand of red, blue, or even green patriotism might sway people\u2019s opinions.<\/p>\n<h2><a name=\"infographic\"><\/a>The Effect of Presidential Election Years on House Prices<\/h2>\n<p><a name=\"fb_share\"><\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" title=\"Presidential Election Year Home Prices\" src=\"http:\/\/s3.amazonaws.com\/movotoblog\/2012\/04\/images\/election-year-house-prices.png\" alt=\"\" width=\"600\" height=\"1139\" \/><\/p>\n<h2>Embed This Infographic<\/h2>\n<p><textarea style=\"border: 1px #ccc solid;color: #111;font-size: 11px;font-family: monospace;border-radius: 3px;padding: 5px;width: 550px;height: 90px\"><a href=\"https:\/\/www.movoto.com\/blog\/market-trends\/election-years-are-bad-for-home-prices\"><img decoding=\"async\" class=\"aligncenter\" title=\"Presidential Election Year Home Prices\" src=\"http:\/\/s3.amazonaws.com\/movotoblog\/2012\/04\/images\/election-year-house-prices.png\" alt=\"Presidential Election Year Home Prices\" \/><\/a><\/textarea><\/p>\n","protected":false},"excerpt":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/s3.amazonaws.com\/movotoblog\/2012\/04\/images\/difference-in-value-because-of-election.png\" class=\"excerpt\">Using historical data from the California Realtors Association, we crunched numbers and noticed that home prices rise less quickly in years with presidential elections. It wasn\u2019t a drastic change, but a change nonetheless.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":["post-5366","post","type-post","status-publish","format-standard","hentry","category-market-trends","post--single"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Election Years Are Bad for Home Prices<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.movoto.com\/blog\/election-years-are-bad-for-home-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Election Years Are Bad for Home Prices\" \/>\n<meta property=\"og:description\" content=\"Using historical data from the California Realtors Association, we crunched numbers and noticed that home prices rise less quickly in years with presidential elections. It wasn\u2019t a drastic change, but a change nonetheless.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.movoto.com\/blog\/election-years-are-bad-for-home-prices\/\" \/>\n<meta property=\"og:site_name\" content=\"Movoto Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/MovotoRealEstate\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-05-18T11:00:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/s3.amazonaws.com\/movotoblog\/2012\/05\/vote+by+league+of+women+voters.jpg\" \/>\n<meta name=\"author\" content=\"Movoto\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@movoto\" \/>\n<meta name=\"twitter:site\" content=\"@movoto\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Movoto\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" 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