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s the US presidential election heats up, concerns about housing affordability and mortgage rates continue to dominate discussions. However, experts are divided on how the election outcome might affect the housing market.

    According to John Burns Research and Consulting, new home sales decline by an average of 10% in election years, similar to non-election years. Yet, Redfin's report suggests that 22% of potential homebuyers delay buying due to election uncertainty.

    Both Trump and Harris have proposed policies aimed at addressing housing affordability. Harris plans to expand low-income housing tax credits, provide down-payment assistance for first-time buyers, and increase home construction. Trump vows to reduce regulations and open federal land for large-scale housing development.

    Mortgage experts are skeptical about the impact of the election on the market. Koorosh Farzad believes that a Harris presidency would lead to higher rates and uncertainty lasting longer than a Trump presidency. Crista Lowrie thinks the election affects interest rates, citing inflation as a major concern. Jonathan Fowler is optimistic about the country's resilience and potential for growth.

    Others are more cautious. Jon Overfelt notes that people may delay buying due to election uncertainty but ultimately want houses. Dale Vermillion believes presidential elections impact housing policies and rates. Christian J Plocica thinks higher interest rates, caused by inflation, are a bigger concern than the election outcome.

    The experts' opinions highlight the complexity of predicting how the presidential election will affect the US mortgage market.