How will the election affect the multi-family market?

[Norman Berman]

Hey folks,

What are your thoughts for how the multi-family market will respond to the election?

Since Washington D.C. has stalled a further stimulus bill, layoffs and unemployment filings are continuing apace.

The housing market has been strong in many areas, due to earlier stimulus efforts, low interest rates, and flight from densely-populated areas of cities. Where I live in NorCal, the suburbs are booming, the cities are declining.

So what do you think will happen next in the multifamily market after the election? Is Q4 the time to invest, or wait till Q1/Q2?

Please no political arguments. Let's keep this on the data. Links to specific reports, analysis, and data would be helpful.