11/09/2026
🏡 **Market Monday: The Election Is Over. What Happens Next for Housing?**
Election Day has come and gone, and while the results may shape future policies, one thing is important to remember:
**The housing market doesn't change overnight because of an election.**
So what should buyers and homeowners be watching?
🏡 **Mortgage Rates:** According to Freddie Mac, the average 30-year fixed mortgage rate declined for the third consecutive week, reaching 7.18% on November 5. That's encouraging movement, but rates remain higher than they were a year ago.
🏡 **Housing Affordability:** Property prices, mortgage payments, taxes, and insurance all contribute to what buyers can comfortably afford.
🏡 **Housing Inventory:** The number of available homes continues to play an important role in pricing and competition. National trends don't always reflect what's happening in individual North Jersey neighborhoods.
🏡 **Housing Policies:** Decisions involving property taxes, zoning, housing development, and infrastructure can influence our communities over time. The impact depends on which policies are actually adopted.
**What does this mean for you?**
If you're buying, selling, or simply keeping an eye on your home's value, don't let political headlines make your real estate decisions for you.
Pay attention to the facts, understand your local market, and make decisions based on your own goals and financial situation.
**Elections may influence policy, but your real estate decisions should be guided by knowledge, not speculation.**
