When the party in the Oval Office is switched, home prices typically rise between elections only slightly more than when the presidency is status quo.
California prices averaged 34% gains as US prices rose 22% when White House control switched on seven occasions since 1976.
With control switched, mortgage rates ran flat. But when political power wasn't altered, rates averaged 1 percentage-point decreases.
Falling rates often come with growing economic challenges, suggesting that the relationship between political control and housing dynamics is complex.
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