Moving to Nashville with Lorene Hetherington
Moving to Nashville with Lorene Hetherington
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How will the 2024 Election effect the Housing Market? | Home Sales, Prices and Interest Rates.
How will the 2024 Presidential election effect the housing market? If you look at history, 3 things happen after a presidential election. Changes are coming to interest rates, home sales and prices.
Whether you are Republican or a Democrat, this video looks at historical changes coming after a presidential election.
Hi I’m Lorene Hetherington, grateful to lead a team of agents in the Nashville, TN area. We get calls daily from people in California, Texas, New York, Chicago, North and South Carolina...that are moving to Nashville, Tennessee. Our team specializes in Nashville homes for sale. Call or text us and we'll get the ball rolling.
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
🏠Thinking about moving to Nashville?
📲Call or Text: 615-330-0987
💻 Email: Lorene@HetheringtonTeam.com
Get more info about living in Nashville or moving to Nashville TN on our Website:
HetheringtonTeam.com
How will the 2024 Elections effect the real estate market.
If you are considering buying or selling a home…it is natural to feel a little gun shy when you are months away from a presidential election.
Crystal ball…but if you study history…can be an indicator of what will happen with the future.
Real estate is somewhat cyclical…take some cues of what we have learned….use it as a guide and road map…for the 2024 elections.
Lorene Hetherington - 20 year vet of real estate.
Love my job because it’s always changing…..always something to learn!
Got into real estate right after 9/11…. Been through market correction in 2008. 2011…another zinger. And now 2023 which has been a challenging year because of higher interest rates and overall price of homes….buyers priced out of the market.Homes are going up faster than people’s income…
Now: elections!
Today, talk about how the 2024 elections…just around the corner…could effect the housing market.
Doesn't matter if you are red or blue…here are some trends we have seen….in the last 11 elections!
3 big take aways….studying the real estate market and elections:
Electrion trend #:1 Home sales increased after 9 of the last 11 elections.
Again…home sales increased after 9 of the last 11 elections.
Which means more economic movement, more demand from buyers….more sellers achieving their goal…. Housing sales only went down 2 out of the last 11 elections.
So if you think you will wait until after elections to have more buying power…..history says likely you are going to be wrong.
Election trend #2: Median home prices went up after 7 of the last 8 elections.
Again….prices of homes went up…the year following 7 of the last 8 elections.
This data from NAR,nationl association of realtors.
So if you are waiting ….thinking after elections market will crash, home prices will go down…and you’ll get a better deal. Historically….the opposite has happened. Again 7 of the last 8 elections…
Election trend #3: Mortgage rates dropped leading up to 8 out of the last 11 elections.
8 out of the last 11 elections -interest rates went down….this data from NAR and Freddy Mac.
During presidential elections we tend to see more gradual dip in interest rates…
We are already seeing this….rates drop…..in September…
When rates drop, you see more people jump back in the market….
So 3 big take aways…
More home sales
Prices go up
Rates go down…
Watched the debates….housing was brought up!
Both Harris and Trump talked about housing affordability….touched on not middle class renters that are spending 50% of their income on rent.
Harris talked about possible downpayment assistance for first time homebuyers.
Trump - vowed to reduce regulator hurdles to building new homes….
While the federal government can’t solve the housing struggles and challenges…there will be continued pressure on the white house to lower interest rates….which would make a major difference in people being able to buy homes.
Heading into November… experts are expecting it to be a slower month….because people can feel uncertain…waiting to see how things shake out. The slow down ..in November is usually temporary and short lived.
I do believe…buy when you are ready.
When you need to move….you need to move.
And when the numbers make sense.
Elections do affect business.
Some industries…waiting to see if there is a change of administration….more regulations…more taxes…could effect the companies holding off on new hires.
Or if you work for the government…..if a new party is in office…we do see some shuffling.
Elections are right around the corner…..interesting year.
Hope you take the opportunity to vote. Honor..this could be a year where every vote counts.
Lorene - thanks for watching!
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
🏠Thinking about moving to Nashville?
📲Call or Text: 615-330-0987
💻 Email: Lorene@HetheringtonTeam.com
Get more info about living in Nashville or moving to Nashville TN on our Website:
HetheringtonTeam.com
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ความคิดเห็น

  • @Nonyabusiness911
    @Nonyabusiness911 วันที่ผ่านมา

    Please leave your politics. The democrats running those states destroyed them

  • @LK-dx2oq
    @LK-dx2oq 4 วันที่ผ่านมา

    Makes me want to cry !! First thing you tell a buyer is… DON’T BUY ANYTHING UNTIL AFTER CLOSING!!!

  • @I_Love_Jesus333
    @I_Love_Jesus333 9 วันที่ผ่านมา

    i came here from ashley : )

  • @FlyHighEdits12
    @FlyHighEdits12 10 วันที่ผ่านมา

    Brentwood Academy

  • @BenGaeda
    @BenGaeda 10 วันที่ผ่านมา

    Not really, money could be working also at a better percentage rate ,not to mention that things change too in terms of tendency and taste, for one thing i don't miss the greens 😅....!!!!

  • @LHA1SAR76
    @LHA1SAR76 11 วันที่ผ่านมา

    😂😂😂 so fucken true!

  • @GabeHorne
    @GabeHorne 13 วันที่ผ่านมา

    i go to lipscomb

  • @zaidsiddiqui1852
    @zaidsiddiqui1852 17 วันที่ผ่านมา

    Don't believe her guys she sold me fentanyl behind ikea

  • @J47V
    @J47V 17 วันที่ผ่านมา

    And with interest rates staying just as bad? It’s not good to hear prices are still going UP when they weren’t affordable in the first place

  • @jdmoney1000
    @jdmoney1000 19 วันที่ผ่านมา

    This video is really depressing... Even with a million dollars in a 401K, both towns are simply out of the question for the average, or even above average income earner or retiree.... No wonder all the entertainment people are moving there. They're the only folks who can afford to.......

  • @jdmoney1000
    @jdmoney1000 21 วันที่ผ่านมา

    How much please????

  • @urfavgirlnoelle
    @urfavgirlnoelle 23 วันที่ผ่านมา

    Hey girl, I remember when you had 63 subscribers

  • @jaessongee8864
    @jaessongee8864 26 วันที่ผ่านมา

    What is an AOA???????????

  • @unprotectedhex1716
    @unprotectedhex1716 26 วันที่ผ่านมา

    5 years price action isn't enough. Agents aren't going to know any of that; most of the time in a bullmarket they care enough to collect their commissions from multiple sellers and move on quick. ROI, Economic Policy, Tax reduction opportunities. Stage in Liquidity Cycle, Inflation projection. For international investors local currency trend vs place of investment.

  • @BenGaeda
    @BenGaeda 29 วันที่ผ่านมา

    That's a beautiful and very well-built house ,but im afraid that in that kind of rooms there's TOO MUCH LIGHT, a room is to have some rest and some sleep....!!!

  • @HannahMontana-l7j
    @HannahMontana-l7j 29 วันที่ผ่านมา

    I'm going too freedom

  • @benrichey2593
    @benrichey2593 29 วันที่ผ่านมา

    “It’s ok because I will make a ton of money off it.”

  • @kimmorgan8690
    @kimmorgan8690 หลายเดือนก่อน

    homes in Nashville are to high and it cost to much to live in there

  • @ms.one-town901
    @ms.one-town901 หลายเดือนก่อน

    I’m so grateful I still have my home there. Even though I had to relocate to care for my mom. I’d never be able to move back or afford another home. The housing market is way to high and it’s out pricing people out of homeownership!

  • @8365W
    @8365W หลายเดือนก่อน

    Freedom middle is the best!

  • @FernandoBowen-78
    @FernandoBowen-78 หลายเดือนก่อน

    I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

    • @Elliot-Ivan
      @Elliot-Ivan หลายเดือนก่อน

      I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

    • @FernandoBowen-78
      @FernandoBowen-78 หลายเดือนก่อน

      @@Elliot-Ivan That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

    • @Elliot-Ivan
      @Elliot-Ivan หลายเดือนก่อน

      @@FernandoBowen-78 My advisor is VICTORIA CARMEN SANTAELLA;

    • @Elliot-Ivan
      @Elliot-Ivan หลายเดือนก่อน

      You can look her up online

    • @LiamOlivia-4
      @LiamOlivia-4 หลายเดือนก่อน

      @@Elliot-Ivan The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

  • @StevenTaylor-xf4ij
    @StevenTaylor-xf4ij หลายเดือนก่อน

    Don't bring your blue policy with you.

  • @Southerngal210
    @Southerngal210 หลายเดือนก่อน

    The buyers and sellers have no idea. “Bless their hearts.”

  • @steveandme63
    @steveandme63 หลายเดือนก่อน

    My beautiful Colorado home was built with huge gorgeous architectural windows with stunning views of the front range. Then one day someone built a beautiful home with gorgeous architectural windows right in the middle of my view. So then I had to invest in gorgeous window treatments for my expensive windows.

  • @sandstorm973
    @sandstorm973 หลายเดือนก่อน

    Beautiful.

  • @LuckyFoxes789
    @LuckyFoxes789 หลายเดือนก่อน

    So .5% is the expected drop.

  • @BarryBaker-bx2qe
    @BarryBaker-bx2qe หลายเดือนก่อน

    That depends on who wins the election. If kamala gets in ot will go up.

    • @monicadefreitas8776
      @monicadefreitas8776 หลายเดือนก่อน

      What BS! Trump is a clear and present danger to the Republic. Remember the businesses closing, bread lines and empty shelves? All because he insisted Covid was like the flu and would be gone in a few weeks.

  • @Seanpfree
    @Seanpfree หลายเดือนก่อน

    In the Franklin bubble, everyone is a boutique owner and lives off of Investments

  • @BenGaeda
    @BenGaeda หลายเดือนก่อน

    It's a beautiful bathroom, the tiles, the cabinets and everything except for one thing, the shower needs: ANOTHER GLASS PANEL as a door to look finished ✅️...!!!

  • @BenGaeda
    @BenGaeda หลายเดือนก่อน

    Oh ,that color is actually gray, that's a game changer for this house, folks it's an awesome house, and in great location...!!!

  • @BenGaeda
    @BenGaeda หลายเดือนก่อน

    It's very beautiful,I watched the whole video before, it's modern, and spacious,also, it looks Well built, two things could've been better,the sauna should've been close to the master suite, and the shower in the master needs a glass door, to look finished, no matter how they try to explain it. Sometimes, builders will tell you ;" they just come like that." Well, they also come in another design....😅!!!

  • @Thatonedudeofficialyoutube
    @Thatonedudeofficialyoutube หลายเดือนก่อน

    When everybody is moving there it just means more traffic 💀

  • @MickeyMoe-mp1qx
    @MickeyMoe-mp1qx หลายเดือนก่อน

    Sounds about right

  • @bradenkoehn584
    @bradenkoehn584 หลายเดือนก่อน

    Is it tho or is it the money 😂lol just asking no hate

  • @JeanJackson-q3o
    @JeanJackson-q3o หลายเดือนก่อน

    Getting way too much people traffic they should of leave it alone like years back

  • @Breakinthings
    @Breakinthings หลายเดือนก่อน

    So fun that in Brentwood you showed the Brentwood Baptist Church complex. We like to call that “Six Flags over Jesus”

  • @Breakinthings
    @Breakinthings หลายเดือนก่อน

    I live in Franklin. It’s a great place. Y’all come!❤

  • @dontaedennis1989
    @dontaedennis1989 หลายเดือนก่อน

    That's not micro flipping

  • @universalcollective427
    @universalcollective427 หลายเดือนก่อน

    18 to 9 to "about a week" hahahahahahahahaha

  • @AddPseudo
    @AddPseudo หลายเดือนก่อน

    a whole food?!!! omg omg! ..wait idk what a whole food is.. i live in Europe :D

    • @BenGaeda
      @BenGaeda หลายเดือนก่อน

      Whole foods is basically a better version of a Kroger or a Publix, they sell usually good meats and mostly organic products and a large selection of wines,it's comparable to " Fauchon" in Paris, it's also a restaurant, they offer a buffet with usually a nice seating area where you can enjoy good foods and coffee . The one in Greenhills is awesome. It's surrounded by fancy stores, and it's very pleasant to sit outside.

  • @kalanyou3275
    @kalanyou3275 หลายเดือนก่อน

    Bito the dog? 😅

  • @Freelancer-Musa
    @Freelancer-Musa หลายเดือนก่อน

    Maam, I have audited your TH-cam channel. I can see some major problems with low views on your channel. For example: No rank tag is used in your videos and your videos are not uploaded SEO friendly And your video SEO score is very low Your channel should increase the tag more. Maam, If you solve these problems quickly, you will start getting more results. For example: Your channel subscribers, video views and watch time will grow organically.

  • @TromboneEnthusiast
    @TromboneEnthusiast หลายเดือนก่อน

    Honestly those are pretty good questions to ask yourself

  • @BenGaeda
    @BenGaeda หลายเดือนก่อน

    That's absolutely true, this lady is awesome, im following the housing market in Nashville, it's becoming my favorite city after Paris and as of now ,about 25 outstanding homes for sale, in bellemeade, Greenhills, Brentwood, and all the nice areas...!

  • @successfuldentalcoaching5921
    @successfuldentalcoaching5921 หลายเดือนก่อน

    Why would anybody go to Nashville? It’s the most overvalued property in the United States. Why don’t you tell that to your customers so they know what they’re getting into?

  • @WhyShouldnt_I
    @WhyShouldnt_I หลายเดือนก่อน

    This is very true i don't have a house to sell but facts.

  • @teamblades
    @teamblades หลายเดือนก่อน

    My wife and I recently took a trip to Nashville in July of this year, to look to see if it was a place. We wanted to move out of California. Unfortunately, the areas we looked at were Brentwood in Franklin, and frankly, we felt like we were still in California. The people are no different That southern charm - definitely does not live in those areas. We have decided to look to a different state.

  • @Star-u3t1l
    @Star-u3t1l หลายเดือนก่อน

    I don't want an HOA.

    • @NashvilleHomesForSale
      @NashvilleHomesForSale หลายเดือนก่อน

      There are lots of other great neighborhoods in Nashville that don’t have HOA’s. Let me know if you’re interested in hearing about some of those neighborhoods!

  • @Tasty4339
    @Tasty4339 หลายเดือนก่อน

    Blackrock is buying the bulk of homes in the US. Be truthful

  • @christians_kunst_ecke
    @christians_kunst_ecke หลายเดือนก่อน

    Beautiful city😍👏👏, great video 🙌