Marcus Noland’s Post

What Does the Upcoming Election Mean: Housing Market Trends Leading Up to the 2024 Election It's Crystal Ball time as the forthcoming UK Election dawns. The web is full of mixed messages, which can be confusing for anyone, especially first-time buyers who want to enter the property market. The good news is that the current data shows that 95% of people planning to move home are not swayed by the upcoming election. Instead of predicting the future, let's examine the historical activity of past elections and how market sentiment was/changed during these times. Based on previous patterns, the experts anticipate a steady housing market activity leading up to the election. Despite the challenges over the past four years, such as the pandemic, housing shortages, and fluctuating prices, most homeowners are determined to proceed with their plans in 2024. Historical Trends Around Elections; Looking at past elections in 2015 and 2019, we observed a stable market before and during the election period, with a post-election bounce in activity for buyer demand. Buyer demand around the 2015 election; Month Demand (month-on-month change) March 2015 +5% April 2015 +6% May 2015 (election month) +9% June 2015 +18% Buyer demand around the 2019 election; Month Demand (month-on-month change) October 2019 +1% November 2019 +4% December 2019 (election month) +13% January 2020 +14% This historical outcome suggests a strong post-election summer market, especially if interest rates fall! However, 'significant' housing policies introduced during the election could also influence market activity; we will be monitoring these changes, if any, closely. We're here to help. If you have any questions or need assistance in the UK property market as an expatriate or foreign Buyer, please get in touch. *Data from Rightmove's spring survey, with 14,322 responses collected between 18th – 23rd May 2024.* #UKelection #APWproperty #UKpropertymarket #Buytolet #Propertyinvestments #Voting

What impact will the general election have on the housing market?: https://lnkd.in/eqdjEnRe 📍 Find Us @WestcleanUK: https://lnkd.in/erfNMvHu #cleaningservices #facilitiesmanagement #propertymanager #commercialcleaning #property #housingmarket #professionalcleaning

How will the General Election affect UK house prices? Our latest blog dives into the #UKHousingMarketTrends as we approach the General Election 2024. 🏡📉 With the election date set for 4th July, the market is already showing signs of fluctuation. Whether you’re a property investor, homebuyer, or seller, understanding these trends is crucial. Discover how the political landscape may impact house prices, market stability, and economic repercussions. Read our blog to stay ahead of the trends and make informed decisions. 🔗https://ow.ly/wrs950SgHVB #UKHousing #Property #Election2024 #HousePrices #PropertyInvestment #EconomicImpact #PropertyMarket

What impact will the general election have on the housing market?: https://lnkd.in/eBfmbUAi 📍 Find Us @WestcleanUK: https://lnkd.in/eJd3WtH4 #cleaningservices #facilitiesmanagement #propertymanager #commercialcleaning #property #housingmarket #professionalcleaning

While it’s natural to feel a bit uncertain during an election year, history shows the housing market remains strong and resilient. And this means you don’t have to pause your plans in the meantime. For help navigating the market during this election cycle, let’s connect. https://lnkd.in/gMHe8THy

Since the 1980s, house prices have climbed by an average of 5.4% in the year that followed a general election, suggesting that this July’s election is unlikely to halt the positive property market momentum that has been building in recent months. https://lnkd.in/epDTD59t #housingmarket #houseprices #propertyinvestorsuk #generalelection 

Feeling unsure about the housing market during an election year? History shows it’s more resilient than you might think. If you have any questions or need guidance, I’m here to help you navigate the market, election year or not. #electionyear #texashouses #housingmarket #buyingahome #sellingahome

This week's debate has sparked questions about the housing market's future depending on the election outcome. History reassures us that the housing market is resilient and will remain stable regardless of who wins. "So, what’s the big takeaway? While Presidential elections do have some impact on the housing market, the effects are usually small and temporary. As Lisa Sturtevant, Chief Economist at Bright MLS, says: “Historically, the housing market doesn’t tend to look very different in presidential election years compared to other years.” For most buyers and sellers, elections don’t have a major impact on their plans. Bottom Line While it’s natural to feel a bit uncertain during an election year, history shows the housing market remains strong and resilient. For help navigating the market, election year or not, let’s connect." #HousingMarket #ElectionOutcome #PresidentialElections #boiserealestate #realtors #realestateagents #Idahorealestate

Pre-Election Predictions for the Michigan Real Estate Market As the election season heats up, many are curious about how the outcome might shape Michigan’s real estate market. Historically, elections can stir uncertainty in the economy, influencing everything from interest rates to housing policies. In Michigan, where real estate has seen significant growth in recent years, the upcoming elections are expected to play a major role in determining the market’s future direction. Here’s a look at some key pre-election predictions for Michigan’s real estate market. Read more. https://lnkd.in/gA_bAz2T

Great article highlighting the potential pitfalls of proposed housing policies. However, a crucial aspect all parties seem to overlook is the need to improve regulations for strata properties. While parties promote housing booms and affordability plans, they fail to address how to effectively scale strata housing - a significant component of new developments in B.C. Florida's recent experiences with the lack of HOA (Home Owner Associations, aka 'stratas') regulations serve as a cautionary tale, where neglected maintenance has led to catastrophic failures. B.C. needs to proactively review its strata housing framework to: 1. Ensure safety for owners and residents 2. Improve operational efficiency for strata councils and more.. Addressing these issues is crucial for the sustainability and safety of B.C.'s growing strata housing sector.