Housing Market Faces Uncertainty Ahead of Presidential Election
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Presidential election could impact housing market due to policy changes affecting affordability and tax incentives for homeownership.
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High mortgage rates, inflation, and low inventory are exacerbating housing affordability crisis.
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Election uncertainty causes some hesitation among buyers and sellers, but typically only small effect on market.
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Poor housing market conditions could hurt Biden's re-election chances if no clear plan to improve affordability.
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Inflation reduction and lower rates would aid affordability short-term but increase prices long-term due to undersupplied market.