Do Presidential Elections Affect Columbia SC Real Estate?

Columbia SC real estate, as well as real estate all across the country, seem to definitely be affected by Presidential elections.

A recent poll by Harris Interactive on behalf of MortgageMarvel.com asked consumers if the presidential election would cause them to delay home purchases if they were in the market for a new home. A full 25 percent of Americans surveyed would prefer to know who our next president will be before putting a down payment on a house.

While it’s disheartening to think that a full one-quarter of Americans surveyed would avoid buying a home until we have a new president in office, it’s not all bad news. More than half of the respondents — 53 percent — said the uncertainty surrounding the election would not affect their home buying decisions at all. Seventeen percent of respondents said they were unsure how the election would affect their decision and only four percent said the election uncertainty would prompt them to make a home purchase before the presidential race was over.

What about you? Does the upcoming Presidential election have any effect for you buying Columbia SC real estate? We’d love to hear your feelings about this.