On The Market

Rates Surge Back Up as the Election “Slowdown” Hits Housing

Nov 4, 2024

The podcast dives into how the upcoming presidential election is affecting the housing market, with rising mortgage rates causing homebuyers to hesitate. It discusses the potential implications of a 'Trump trade' on bond yields and mortgage rates. California's Proposition 33 on rent control sparks debate on its impact for landlords and tenants alike. Additionally, the hosts highlight the best companies for career growth, showcasing opportunities that could enhance skills and income amidst a challenging property landscape.

36:22

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Quick takeaways

The pre-election housing slowdown is causing about 25% of potential homebuyers to delay their purchases until after the elections.

Current mortgage rates have risen to around 7%, raising concerns about affordability and limiting the number of qualified homebuyers in the market.

Deep dives

Impact of Elections on the Housing Market

Elections can create significant uncertainty in the housing market, leading many potential buyers to delay their purchasing decisions. Historical trends indicate that while elections may slow down housing sales, they typically do not cause significant fluctuations in home prices or interest rates. A survey revealed that approximately 25% of prospective homebuyers are choosing to wait until after the elections before entering the market, highlighting this cautious behavior. Observers suggest that consumer confidence plays a crucial role, with the market traditionally reacting more to economic policies than to election outcomes.

Intro

2min

Impact of Elections on Housing Market Dynamics

5min

Navigating the Housing Market Amidst Uncertainty

7min

Navigating Mortgage Rates and Rent Control

11min

Challenges and Opportunities in the Housing Market

6min

Employee Growth Rankings Revealed

3min

Navigating Economic Uncertainty in Real Estate Investment

2min

Everyone is awaiting the 2024 presidential election results—especially homebuyers. As mortgage rates rise again, potential homebuyers are sitting on the sidelines, hoping that the next president could make it a little easier to purchase a house. Is this housing market slowdown just a temporary phenomenon before the biggest political event of the past four years, or could this last well into the winter? We’re covering it on this headlines show!

Could a “Trump trade” push bond yields up and mortgage rates as well? Some economists are betting that a Trump presidency would mean higher mortgage rates. We’ll also talk about California’s Prop 33, which, if passed, could allow more stringent rent control on landlords in the Golden State. With rising costs for property owners, could this lead to landlords selling their rentals to escape California’s tenant-friendly laws?

If you want to escape the election cycle, we’ve got you covered. Our last story touches on the best companies for career growth, and if you’re trying to up your skills (and your income) next year, applying for a job at any of these companies could help you!

In This Episode We Cover

The pre-election housing “slowdown” and why many homebuyers are pausing on purchasing

A new mortgage rate update and what’s causing rates to rise back to seven percent

The “Trump trade” and why economists are worried it could push bond yields up

California’s newest rent control proposition and what it means for landlords in the state

The top companies for career growth in the United States (grow your income!)

And So Much More!

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