There is no definitive answer to the question but I do know people I have been talking to are a bit scared that if their candidate (whoever he or she might be) doesn't win all of their investments are going down. I wanted to see if there was any historical basis for this concern and I found an interesting article on Money which quotes Gregg Fisher of the investment firm Gerstein Fisher who said, “There’s no empirical evidence to suggest that who the President is, whether Republican or Democrat, should cause you to want to deviate from your investment strategy.”
The article talks about the political values that impact investment behavior. It is a great read if you are worried about the impact of the Presidential election on your investments - including real estate. It basically sheds light on investor behaviors that change based on their emotional response to the election.
Forbes, however, had a contributing writer who disagreed. He felt that not only investor pessimism related to the election could cause a problem but he also sited Presidential economic and employment policies as having an impact. I tend to agree with him but think these are less of an issue than interest rates which are not determined by the President and won't directly be impacted by the election.
No one knows for sure what will happen to the real estate market after the election on November 8. I think because sales continued to be strong through September we will only see the normal seasonal slowdown but who really knows. Perhaps if my candidate loses I will feel differently!
