2020 Election Results Bolster Real Estate Investment Outlook; Policy Stability Paired With New Stimulus and Vaccines Could Deliver Broad Gains
Election conclusion stabilizes policy outlook. Following the results of Georgia’s senatorial runoff election, the Democratic Party holds a reduced majority in the House of Representatives and the tie-breaking vice presidential vote in an evenly split Senate. Despite numerous policies put forward by President-elect Joe Biden during the campaign, the political division in Congress will greatly restrict legislative reform. Consistency from a policy perspective will help lay a stable groundwork for future decision-making by commercial property investors, although ambiguity remains surrounding the resolution of the health crisis.