With the presidential election just concluded and a new leader now chosen, many are wondering how this shift will impact the real estate market. As a real estate agent with nearly a decade of experience, I’ve seen firsthand how post-election periods can spur a renewed confidence in buyers and sellers. And in my niche of probate real estate, timing is often critical, so knowing when the market will pick up is crucial.
“In the short term, rates are going up!” said Housing Wire’s Lead Analyst Logan Mohtasham. “I am skeptical of the take that we are going to get significant deficits and a big inflation push from that and tariffs. However, until there is more policy clarity, the 10-year yield will move with the economic data, which has been beating estimates the last two months.” Mohtashami said that while 8% mortgage rates are not likely this year because spreads have improved, if they worsen “and we hit 5% on the 10-year yield, 8% is in play.”
— The Pre-Election Pause —
In the months leading up to election day, it’s common to see a slight slowdown in the housing market. Many buyers and sellers choose to press pause, waiting to see what changes might come with a new administration. For families in probate, this can be a challenging time since they may feel the pressure to sell but are hesitant to do so amid the market’s uncertainty. This “wait and see” approach often leaves the market a bit quieter, creating a buildup of motivated buyers and sellers ready to jump in once things feel more predictable.
— Post-Election Stability and Increased Market Activity —
With yesterday’s election behind us, we’re likely to see an uptick in activity as people gain confidence in what’s ahead. Buyers who were hesitant may now feel ready to take the plunge, while sellers—especially those handling time-sensitive probate sales—can move forward with greater clarity. When the dust settles after an election, people are often more comfortable making significant financial decisions, and that renewed confidence tends to boost the housing market.
— Interest Rates and Their Role in Post-Election Activity —
One thing to watch post-election is how the Federal Reserve responds in the coming months. Interest rates often fluctuate based on the broader economic outlook, and changes to rates can significantly impact the real estate market. Lower interest rates, if they occur, can incentivize buyers to lock in mortgages, increasing demand and spurring more sales. This is especially beneficial for those in probate real estate who may need to sell a property promptly and achieve a fair market price.
— A Great Time to Reenter the Market —
For those who’ve been holding back, now might be an ideal time to revisit your real estate goals. Probate sellers can especially benefit from this post-election market boost, giving them a better chance to sell efficiently. So if you’re looking to buy, sell, or handle a probate property, I’d be happy to guide you through this new season of opportunity.
As we step into this new chapter with a fresh administration, the real estate market is primed for opportunity. For families handling probate sales, this post-election period could be the ideal time to move forward with confidence and clarity. Now, more than ever, having an experienced guide by your side is essential. Whether you're ready to buy, sell, or navigate a probate property, I’m here to help you make the most of this unique moment in the Phoenix real estate market.
Contact Andrea Garcia Realty today, and together, we’ll turn today’s market potential into tomorrow’s success.
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