It is unclear how the election of the first business person with no prior political experience and a heavy background in real estate as the nation's next president might influence the U.S. housing market. In the hours and days following the election, financial markets were extremely volatile due to the uncertainty. However, it doesn't seem like demand among aspiring home buyers will be shrinking anytime soon.
In the Houston region, for the week ending November 6:
- New Listings increased 6.7% to 2,280
- Pending Sales increased 21.5% to 1,667
- Closed Sales increased 45.3% to 1,524