Search
    Dashboard
    Listings
    Searches
    Sign in / Sign up

Daytona Beach Property Search

Buy Or Sell With James Jestes and eXp Realty

386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

  • Menu
  • Home
  • Buy
  • Sell Your Home
  • Blog
  • About
  • Contact

4 Reasons Why the Election Won’t Dampen the Housing Market

4 Reasons Why the Election Won’t Dampen the Housing Market | Simplifying The Market

Tomorrow, Americans will decide our President for the next four years. That decision will have a major impact on many aspects of life in this country, but the residential real estate market will not be one of them.

Analysts will try to measure the impact feasible changes in regulations might have on housing, the effect of a possible first-time buyer program, and any number of other situations based on who wins. The housing market, however, will remain strong for four reasons:

1. Demand Is Strong among Millennials

The nation’s largest generation began entering the housing market last year as they reached the age to marry and have children – two key drivers of homeownership. As the Wall Street Journal recently reported:

“Millennials, long viewed as perennial home renters who were reluctant or unable to buy, are now emerging as a driving force in the U.S. housing market’s recent recovery.”

2. Mortgage Rates Are Historically Low

All-time low interest rates are also driving demand across all generations. Strong demand created by this rate drop has countered other economic disruptions (e.g., pandemic, recession, record unemployment).

In addition, Freddie Mac just forecasted mortgage rates to remain low through next year:

“One of the main drivers of the strong housing recovery is historically low mortgage interest rates…Given weakness in the broader economy, the Federal Reserve’s signal that its policy rate will remain low until inflation picks up, and no signs of inflation, we forecast mortgage rates to remain flat over the next year. From the third quarter of 2020 through the end of 2021, we forecast mortgage rates to remain unchanged at 3%.”

3. Prices Continue to Appreciate

The continued lack of supply of existing homes for sale coupled with the surge in buyer demand has experts forecasting strong price appreciation over the next twelve months.

4. History Says So

Though it’s true that the market slows slightly in November when it’s a Presidential election year, the pace returns quickly. Here’s an explanation as to why from the Homebuilding Industry Report by BTIG:

“This may indicate that potential homebuyers may become more cautious in the face of national election uncertainty. This caution is temporary, and ultimately results in deferred sales, as the economy, jobs, interest rates and consumer confidence all have far more meaningful roles in the home purchase decision than a Presidential election result in the months that follow.”

Ali Wolf, Chief Economist for Meyers Research, also notes:

“History suggests that the slowdown is largely concentrated in the month of November. In fact, the year after a presidential election is the best of the four-year cycle. This suggests that demand for new housing is not lost because of election uncertainty, rather it gets pushed out to the following year as long as the economy stays on track.”

Bottom Line

There’s no doubt this is one of the most contentious presidential elections in our nation’s history. The outcome will have a major impact on many sectors of the economy. However, as Matthew Speakman, an economist at Zillow, explained last week:

“While the path of the overall economy is likely to be most directly dictated by coronavirus-related and political developments in the coming months, recent trends suggest that the housing market – which has basically withstood every pandemic-related challenge to this point – will continue its strong momentum in the months to come.”

 

GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
Featured
1 / 69
$850,000
3
BEDS
2
TOTAL BATHS
1,841
SQFT
580 Rio Vista Avenue Daytona Beach, FL 32114
Single Family Residence For Sale
- Active

Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
231 Riverside Drive 1602-1 Daytona Beach FL 32117
Featured
1 / 58
$599,000
3
BEDS
3
TOTAL BATHS
2,239
SQFT
231 Riverside Drive 1602-1 Daytona Beach, FL 32117
Condominium For Sale
- Active

This exquisite 16th-floor condo at Marina Grande has been meticulously remodeled with no expense spared. The 3-bedroom, 3-bath unit features a Viking cooktop, high-end LG kitchen appliances, and Samsung stacked washer/dryer. The kitchen boasts stunni

Listing courtesy of James Jestes of EXP Realty LLC
4427 S Atlantic Avenue Ponce Inlet FL 32127
New Listing - 7 hours on site
1 / 59
$2,999,999
4
BEDS
5
TOTAL BATHS
3,513
SQFT
4427 S Atlantic Avenue Ponce Inlet, FL 32127
Single Family Residence For Sale
- Active

Welcome to your dream beach home—an exquisite oceanfront residence nestled in the picturesque town of Ponce Inlet. This remarkable property boasts an impressive 4,695 square feet of luxurious space, featuring 4 spacious bedrooms and 4 1/2 beautifully

Listing courtesy of Dayanis Purucker of Oceans Luxury Realty Full Service LLC
3625 Pioneer Trail New Smyrna Beach FL 32168
New Listing - 12 hours on site
1 / 12
$569,000
2
BEDS
2
TOTAL BATHS
1,176
SQFT
3625 Pioneer Trail New Smyrna Beach, FL 32168
Single Family Residence For Sale
- Active

5 Acre gated & fenced property minutes to New Smyrna Beach and Port Orange. 3 bed, 2 bath farmhouse type home would be easy to remodel to today's standards. Large outbuilding and 1-space carport. Additionally, there are two separate enclosed shop spa

Listing courtesy of Patricia Collado of Collado Real Estate

Check out some of these most popular home searches here at Daytona Beach Property Search

  • Homes for sale on the Intercoastal waterway
  • Homes and Condos for sale with Seller Financing Available
  • Homes for sale in Port Orange along Spruce Creek Rd
  • Port Orange Homes for sale with Boat Docks
  • New Construction Town Homes in Plantation Bay
  • Homes For Sale in LPGA
  • Homes For Sale in the Spruce Creek High School District ( TOP RATED SCHOOLS)

SEARCH ALL HOMES IN THE GREATER DAYTONA BEACH AREA HERE

[idx-omnibar styles=”1″ extra=”1″ min_price=”1″ ]

 

DOWNLOAD MY LATEST REAL ESTATE GUIDES

  

Related posts:

  1. How Will the Presidential Election Impact Real Estate?
  2. Experts Predict a Strong Housing Market for the Rest of 2019
  3. A Remarkable Recovery for the Housing Market
  4. What Experts are Saying About the Current Housing Market

Posted in: Blog, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Millennials

Post navigation

« Should I Renovate My House Before I Sell It? [INFOGRAPHIC]
Rent vs. Buy: How to Decide What’s Best for You »
James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

Price

Latest Real Estate Information

  • 10 Great Homes For Sale In The Greater Daytona Beach Area
  • How To Get Your House Ready To Sell in 2025
  • Don’t Miss Out on the Growing Number of Down Payment Assistance Programs
  • What’s Behind Today’s Mortgage Rate Volatility?
  • Is Wall Street Really Buying All the Homes?
  • Don’t Let These Two Concerns Hold You Back from Selling Your House
  • The Big Difference Between Renter and Homeowner Net Worth
  • Should You Sell Your House or Rent It Out?

Move To Florida Check Out These Cities

  • Daytona Beach – Homes And Condos For Sale
  • Daytona Beach Shores – Homes And Condos For Sale
  • Port Orange Florida – Homes And Condos For Sale
  • Ormond Beach Florida – Homes And Condos For Sale
  • Ponce Inlet Florida – Homes And Condos For Sale
  • New Smyrna Beach – Homes And Condos For Sale
  • Flagler Beach Florida – Homes And Condos For Sale

BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

Price

Popular Daytona Beach Properties

  • Move To Daytona Beach
  • Condos For Sale
  • Homes For Sale
  • Gated Community Homes For Sale
  • Golf Course Homes For Sale
  • Luxury Condos For Sale
  • Riverfront Homes For Sale
  • Multi Family Homes For Sale
  • Pool Homes For Sale
  • Large Garage Homes For Sale
  • 55+ Community Homes For Sale

Popular Daytona Beach Neighborhoods

  • Pelican Bay Golf Community
  • Latitude Margaritaville Jimmy Buffet’s 55+ Community
  • LPGA Golf Community
  • Indigo

Greater Daytona Beach Area Towns

  • Daytona Beach – Homes And Condos For Sale
  • Daytona Beach Shores – Homes And Condos For Sale
  • Port Orange Florida – Homes And Condos For Sale
  • Ormond Beach Florida – Homes And Condos For Sale
  • Ponce Inlet Florida – Homes And Condos For Sale
  • New Smyrna Beach – Homes And Condos For Sale
  • Flagler Beach Florida – Homes And Condos For Sale

Today’s Real Estate Information

  • 10 Great Homes For Sale In The Greater Daytona Beach Area
  • How To Get Your House Ready To Sell in 2025
  • Don’t Miss Out on the Growing Number of Down Payment Assistance Programs
  • What’s Behind Today’s Mortgage Rate Volatility?
  • Is Wall Street Really Buying All the Homes?

James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

Daytona Beach Property Search By City

  • Daytona Beach
  • Daytona Beach Shores
  • Ponce Inlet
  • Port Orange
  • Ormond Beach
  • Flagler Beach
  • New Smyrna Beach

Contact James Today

James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

Daytona Beach Property Search Sitemap