Real Estate Market: Will a New President Help?

Nearly half of all home buyers (44%) believe the housing market will improve once a new President takes office in January, 2009, according to a new survey conducted by Harris Interactive® and commissioned by Move, Inc., operator of Realtor.com®.

Forty-eight percent of women and 41 percent of men who plan to buy a home in the current market said they think the housing market will get better once the new President is in office.

According to the survey, 81% of home buyers are still nervous about the current housing market and report the existence of barriers between them and home ownership. Despite these reservations, the survey indicates underlying demand for homeownership is healthy. While nearly half (41%) of current homeowners do plan to purchase a home again, 80% of all renters plan to purchase a home someday with 47% planning to purchase a home within the next five years.

What do yo think? Do you think having a new President in office is what the real estate market needs to get back on track? Or do you think it won’t really make any difference? We’d love to hear your comments. Click the comment link below and sound off on this question.