How the 2020 Presidential Election Affects the Housing Market

Politics aside, the housing market in many areas has slowed down due to uncertainty about the economy.

Everyone has an opinion about the 2020 presidential election — including real estate agents. HomeLight asked 1,157 of their top agents how they thought the election would affect the housing market.

Here are some of the findings:

Real estate agents are optimistic about the housing market. 23% of agents say the housing market will stay strong regardless of who is elected, President Donald Trump or Vice President Joe Biden. 31% say election results will have no impact on the housing market.

• Agents believe one candidate is best for the housing market. 52% of agents say a second term for Trump in the 2020 presidential election would have been the best choice for housing; just 8% of agents say the housing market would benefit from a Biden presidency.

Some legislative issues affect real estate more than others. 27% of agents say access to affordable housing is the top concern; 25% say homeownership tax breaks and incentives; 9.8% say diversity, fair housing and racial equality in real estate; 9.7% say mortgage and foreclosure relief; and 6.7% say financial and

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How Covid-19 Affects the Housing Market in College Towns

Much of the activity in college towns — like Athens, Georgia, pictured — centers on the university’s events. Since Covid-19 has pushed learning online, business has dried up in many college towns. (DepositPhotos.com)

The Covid-19 pandemic has led to major lifestyle changes, including how people learn, work and play. That could significantly impact the housing market in college towns, according to HomeLight real estate agents.

Sending students home, and shifting toward remote learning, has left so-called college towns — those with economies supported largely from student activity — reeling, according to HomeLight’s Q3 Top Agent Insights Report.

As a result, small businesses in college towns have suffered from what the New York Times has called “an existential challenge”

Earlier this fall, HomeLight asked 1,157 of its top real estate agents across the country to share their thoughts on the housing market in college towns.

Here are some of the findings:

The market has held its own. Despite local business activity dipping, 82% of agents in college towns say their local market hasn’t collapsed.
45% say home prices and buyer activity remain strong, whereas just 6% of agents say decreased local business demand and college funding cuts have hurt their

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