Falling House Prices And The Elections In 2022 And 2024
The U.S. housing market had been booming for years before George H. W. Bush was elected president in a landslide in 1988. If house prices hadn’t fallen, would Ross Perot’s success running as an outsider was to the political success of his successor, Donald Trump have gained any traction, says David Frum. The number of houses for sale will likely continue skyrocketing and that could scare some already nervous consumers about the future value of their houses, their home equity and family wealth. In 2022 could be a tough year. But it will probably be a lot less tough than 2024 will be. House prices will likely be less tough. House Prices have likely peaked for this cycle so rising prices won’�t be helping incumbents from here to the election. But rising prices will probably not be helping incumbent politicians in this year's midterm elections.