I
f you've been holding your breath since election night, you're not alone. The uncertainty surrounding presidential elections can cause a temporary pause in the real estate market. Buyers and sellers tend to hold back on major decisions until the outcome is clear, especially when it comes to interest rates and their impact on loans.

    The shoulder season of an election year often coincides with a natural lull in sales, as people typically prefer to buy or sell homes during the spring and summer months. However, once the results are in and market clarity is restored, the pace of real estate transactions usually resumes.

    Lawrence Yun, Chief Economist of the National Association of Realtors, notes that after presidential elections, there's often a slight boost in home sales as uncertainty is removed and buyers can make more informed decisions based on policy directions. Historically, home prices have not fallen after an election; instead, they've frequently risen.

    Investors may view real estate as a more stable option than stocks during times of uncertainty, which could contribute to increased demand for homes. Policy changes can also impact the market, such as encouraging new development and increasing housing supply in areas with high demand like the Roaring Fork Valley.

    Mortgage rates are expected to stabilize around 5.5%-6.5%, making it more challenging for buyers to secure low interest rates. However, even at these levels, lower rates can still increase purchasing power and enable buyers to invest more confidently.

    The Aspen area remains a desirable place to live and buy real estate, with its unique combination of natural beauty and economic resilience. The region's ability to withstand fluctuations in the housing market is a testament to its enduring appeal.