Photo courtesy Dennis Jarvis
Photo courtesy Dennis Jarvis

It's an election year but regardless of who wins, the California housing market should only see minimal change. A homes sales analysis by the California Association of Realtors reveals that during an election year home sales are only slightly higher or lower each month compared to non-election years.

The study actually found that during an election year, growth in home sales is actually higher than the growth that is observed during non-election years by 7.1 percentage points:

On a monthly basis since 1990, California home sales contracted by roughly 2 percent during the last four months of the year. However, during the past five election cycles, sales in the final months of the year picked up, rising by 5.3 percent on average compared with -1.8 percent during non-election years.

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