The US House Price Index has gained momentum over the last few years after a massive plunge in the late 2000s. In the last 4-5 years, the US housing market has recovered to match the highs achieved before the global financial crises of 2008/2009.  The market hit an all-time high in 2006 and now looks set to reach those levels again in the next few years. Currently, without the impact of inflation, the housing market still lags 20% behind the levels reached in 2006.

As such, the Obama administration appears to have done a good job as far as fixing the economy is concerned. House prices have increased significantly this year, which indicates that investors are optimistic that the current growth could continue in the foreseeable future.

Illustratively, San Francisco is still the mainstay when it comes to the average US house price index. However, in some states, there are locations that have experienced massive spikes in house prices in real terms when compared to popular premium locations. For instance,  those looking for a home for sale in Fairhope Al may have to pay 29% above last year’s prices as per the latest statistics.

As per the chart above obtained from Trulia, house prices per square foot in Fairhope Al increased from $115 in October 2015 to $150 in October 2016. This indicates a growth rate of 29% over that period. Now, it’s clear that most of that spike came between September and October, by the time in which it was already clear that the presidential election was going to feature two main candidates, Republican Donald Trump and Democrat Hillary Clinton.

However, expectations were also high that Clinton would win the election. Trump surprised most of the world by beating his rival against all odds, and markets tanked briefly before rebounding a few days later.

On the other hand, the country’s housing market index has failed to garner momentum after pulling back in October. As demonstrated in the chart below, the peak in September mirrors the same levels achieved last year in October.