How will the election results affect the St. George Valley market? Not as much as you might think. Allow me to explain.
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When the U.S. election comes down to people “writing in” their favorite cartoon character, there’s naturally going to cause for concern in the U.S. economy! We’ve of course been getting questions at The Larkin Group about the direction of the St. George real estate market after this absurd election cycle.
While most folks are primarily concerned with how the elected President will affect the real estate market, we’re most concerned with:
- What direction will interest rates go? (Making it more or less difficult to buy and sell St. George real estate), and…
- Will consumer confidence fall (also making it more or less difficult to buy and sell real St. George real estate)?
Regardless of election results, a lot of people are going to be unhappy. But even since November 9th the sun has risen every single day on the St. George valley and it continues to be one of the finest places in the country to live, work, retire, and raise a family.
Even as recent news articles ranked St. George as having the 2nd LOWEST wages in the nation, other news is emerging saying that per capita, St. George was ranked the 2nd HIGHEST American city for adding jobs. Kinda’ bizarre, no?
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The St. George valley is still one of the finest places in the country to live.
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People still want to live in “Utah’s Dixie” and they always will. Which means folks will continue relocating to St. George That will continue to drive this market long term. Don't pay attention to presidential cycles, pay attention to real estate cycles and you'll make better real estate decisions.
If you have any questions about our market, especially about your home’s value as we enter 2017, don't hesitate to give us a call!
