What’s The Tea with 4D? 🍵

I hope you had a wonderful Veterans Day yesterday! As we step into this cozy pre-holiday stretch, let’s take a moment to honor those who have served in our armed forces.

The gratitude we feel for their sacrifices is something we carry with us each day. Their service is a true gift, allowing us to enjoy the freedoms and celebrations that make this time of year so special. 💚

There’s something magical about this season as we transition from crisp autumn days to the festive spirit of November and December. The weeks ahead are filled with joyful gatherings, twinkling lights, and countless chances to connect with family, friends, and our wonderful community.

In the spirit of celebration, I’ve rounded up a list of upcoming local events to help you dive into all the holiday fun here in the Treasure Valley. From festive markets to dazzling light displays, there's plenty to explore in the coming weeks—so grab a cup of cocoa, mark your calendars, and let the festivities begin!

Home Sales Predicted to Bounce Back After The Election

With the 2024 Presidential election now behind us, you might be wondering how it has impacted the housing market. Let’s take a closer look.

Election Years Often Bring a Temporary Slowdown

Home sales typically slow down a bit in the fall due to the change in seasons. However, in election years, we often see a slightly more noticeable dip in home sales in the month leading up to Election Day. According to data from BTIG, this trend is fairly consistent (see graph below):

Why? Uncertainty. Many consumers hold off on making major decisions or purchases while they wait to see how the election will play out. It’s a pattern that’s shown up time and time again, and it's particularly apparent for buyers and sellers in the housing market.

This year is no different. A recent survey from Redfin found that 23% of potential first-time homebuyers said they’re waiting until after the election to buy. That’s nearly a quarter of first-time buyers hitting the pause button, likely due to the same feelings of uncertainty.

Home Sales Bounce Back After the Election

The good news is these delayed sales aren’t lost forever—they’re just postponed. History shows sales tend to rebound after the election is over. In fact, home sales have actually increased 82% of the time in the year after the election (see chart below):

That’s because once the election dust settles, buyers and sellers have a sense of what’s ahead and generally feel more confident moving forward with their decisions. And that leads to a boost in home sales across the country.

If history is any indicator, that means more homes will sell next year. And based on the latest forecasts, that’s exactly what you should expect. This follows the typical pattern of post-election rebounds.

While it may seem like the market is slowing, it’s more of a temporary dip than a long-term shift. As history shows, once election uncertainty fades, buyers and sellers typically return to the market.

Bottom Line

Though election years tend to bring a short-term slowdown, it’s usually brief. Those sales are not lost, and data suggests that home sales tend to rise in the year following a Presidential election. With forecasts pointing to a stronger 2025, if you're waiting for a clearer picture, rest assured the market is expected to pick up momentum soon!

Considering buying, selling, or investing in a new property? Let’s connect and talk through your goals and questions!

I’d love to meet up and treat you to your drink of choice—coffee, tea, or whatever you prefer. 😊

Click below to pick a time that works for you, and I’ll follow up to confirm the details. Don’t wait—reserve your spot today and let’s get your real estate journey started.