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Residential real estate is in the early stages of a multi-year strong period.
Single family homes have been underbuilt from the GFC until the 2018-2019 period. Single family home construction should be strong for several years, at least. Pricing on new construction should be firm. Pricing on existing homes should be firm because many people don't want the hassle or don't want to/can't wait for a home to be built.
When I say pricing should be "firm", I am hedging because I think pricing will see moderate to strong increases.
I don't see the economic climate changing because of an election. The economy was strong before the "events" early this year, is currently strong, and will be strong for the foreseeable future. It's because of population growth, accentuated by low interest rates.
Consumer spending never truly softens, it only increases. This is what drives the economy.
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