Elections bring a lot of speculation and uncertainty, and it's natural to wonder how the results might affect different aspects of life -- including the real estate market. If you’re thinking about buying or investing in a house, you might ask yourself whether it’s smarter to wait until after the votes are counted. But here’s the good news: history shows that elections don’t significantly impact home prices in the long run. Instead, it’s factors like interest rates and overall market conditions that steer property values.
Market Trends During Election Cycles
Many worry that election seasons bring too much volatility to the market -- leading them to sit on the sidelines until things play out. While it may be true that the stock market might experience some ups and downs during this time, real estate is typically a bit more level-headed. There might be a slight pause in activity as people wait to see how things unfold, but home prices generally stay on track and continue their steady rise.
It ultimately won't matter which political party ends up in charge -- what drives home prices are things like job growth and interest rates. Over the years, we’ve seen that as long as these fundamentals stay strong, the value of properties tends to keep growing, no matter who’s in office.
Interest Rates: The Real Driver of Home Prices
When it comes to the housing market, let’s talk about what matters: interest rates. They have a way bigger impact on home prices than any election ever could. The Federal Reserve’s decisions on interest rates play a huge role in determining mortgage rates, which directly affects how affordable it is for buyers to jump into the market.
Right now, interest rates are relatively low compared to where they were, making it a great time to consider buying a home. If you’ve had your eye on a new construction property, locking in a low rate can be a smart move that benefits your budget in the long run. In a city like Sioux Falls, where there are many new homes to choose from, this could be the perfect moment to explore your options.
Current Market Conditions in Sioux Falls
Here’s some good news for home seekers: while many might expect the housing market to tighten during election seasons, Sioux Falls is currently offering more opportunities for buyers. This means a wider range of choices and a relaxed pace to explore your options as you search for the perfect home.
With a strong focus on new construction in Sioux Falls, the market is open for those who want a fresh start in a brand-new home. The current inventory means you have the flexibility to find a home that matches your vision, without the pressure that often comes with limited listings or previously owned homes.
Even more promising is that historical trends indicate a surge in buyer activity following election seasons. As consumers gain confidence and re-enter the market, demand often rises. This makes now a strategic time to explore your options while there are opportunities available to secure a new construction home without intense competition.
Why Empire Homes?
In times of uncertainty (or not so uncertain based on historical data), new construction homes offer something that pre-owned properties often can’t: peace of mind. You get modern amenities, energy-efficient designs, and the chance to make the space your own with customizable finishes that suit your lifestyle -- all backed by a one-year warranty!
When you choose new construction, you’re not just buying a house—you’re creating a home that meets your needs and style. Empire Homes offers properties that are built to last, with quality you can count on. While the political scene might shift, a solid, well-designed home remains a lasting investment you can rely on.
Focus on Market Fundamentals
As the election season rolls on, it’s easy to get caught up in the headlines and wonder how it all might impact your plans. But here’s the thing: home prices are driven more by interest rates and economic conditions than by politics. Sioux Falls is in a good position right now, with steady home values and a solid inventory, making it a smart time to consider making a move.
Instead of waiting to see how the political landscape changes, it’s often better to focus on the key market drivers. Whether you’re a first-time buyer or an investor looking for new opportunities, staying informed about these factors will help guide your decision-making.
At the end of the day, Empire Homes is here to help you navigate the Sioux Falls real estate market with confidence. We focus on building homes that are more than just a place to live -- they’re a smart investment in your future, no matter what’s happening in the world around you.