In keeping with the survey, roughly 41.6 % of U.S. householders imagine that Donald Trump is greatest suited to take care of excessive house values, whereas 35.3 % favor Kamala Harris for this position. Though householders usually see excessive house values as helpful since a lot of their wealth is tied to house fairness, one-third of Individuals don’t personal.
Whether or not it’s refining your enterprise mannequin, mastering new applied sciences, or discovering methods to capitalize on the following market surge, Inman Join New York will put together you to take daring steps ahead. The Subsequent Chapter is about to start. Be a part of it. Be part of us and hundreds of actual property leaders Jan. 22-24, 2025.
Because the 2024 presidential election approaches, a Redfin-commissioned survey performed by Ipsos final month reveals notable variations in priorities between householders and renters concerning candidates and key points affecting housing.
The survey, centered on 805 householders out of 1,802 respondents aged 18-65, requested members: No matter who you propose on voting for, which candidate do you suppose shall be greatest for conserving house values excessive?
In keeping with the survey, roughly 41.6 % of U.S. householders imagine that Donald Trump is greatest suited to take care of excessive house values, whereas 35.3 % favor Kamala Harris for this position.
Though householders usually see excessive house values as helpful since a lot of their wealth is tied to house fairness, one-third of Individuals don’t personal their properties. Roughly 49 % of renters surveyed imagine Kamala Harris could be higher for housing affordability, in comparison with 31 % for Donald Trump.
Moreover, 30 % of renters listed housing affordability as a top-three difficulty influencing their presidential selection, in comparison with solely 17 % of householders. Owners have been extra prone to cite the economic system as a high concern.
A separate a part of the survey requested a group of 804 U.S. householders and 894 U.S. renters to rank a listing of 14 points to find out: “How important will each of these issues be in your choice of which candidate to support.” The survey’s findings spotlight that the economic system is the main difficulty general, with 46 % of respondents rating it as a high concern, adopted by inflation (40.4 %), well being care (26.3 %), housing affordability (25.1 %), and crime and security (23.5 %).
Homeownership patterns
The pandemic influenced homeownership patterns; whereas many achieved homeownership as a result of low mortgage charges, others have been priced out as housing costs soared. In keeping with Redfin Chief Economist Daryl Fairweather, excessive mortgage charges are additional complicating affordability for first-time patrons, prompting renters to prioritize housing affordability this election cycle. Though starter-home costs are down from final yr, they continue to be above pre-pandemic ranges.
This rising concern is mirrored in purchaser conduct, with 23 % of potential first-time patrons indicating they’re ready till after the election to see whether or not Harris’ housing affordability plan or Trump’s proposed insurance policies shall be enacted earlier than making their buy, in keeping with a Redfin report.
Financially, 52.1 % of householders reported feeling higher off than 4 years in the past, in comparison with 44.2 % of renters. This disparity is basically attributed to rising housing costs, which have helped householders construct vital fairness.
Amongst voters, these supporting Kamala Harris are barely extra prone to prioritize housing affordability, with 25.1 % rating it as a high difficulty in comparison with 20.4 % of Trump supporters. This development might replicate the truth that Democrats are likely to reside in costlier coastal and concrete areas.
Shifting populations reshaping voting habits
A report from Realtor.com additionally explores the affect of migration on the 2024 presidential election. Danielle Hale, chief economist at Realtor.com, notes that shifting populations may reshape voting habits, notably in swing states the place even minor adjustments in demographics can affect outcomes.
“The influence of migration on election outcomes is a compelling topic of discussion, sparking interest in how shifting populations might reshape the political landscape, ” stated Hale. “As more people move across state lines, their voting habits could have the potential to sway election outcomes, especially in crucial swing states, where even small changes in the electorate can tip the scales. This dynamic raises important questions about how migration trends could influence the future of American politics this year and beyond.”
Key findings on migration embrace potential traits for numerous states within the upcoming election:
- 4 blue states (Connecticut, Delaware, Washington, D.C. and Maine) may development bluer.
- Seven blue states (California, Colorado, Illinois, Minnesota, New York, Oregon and Washington) may development redder.
- Three purple states (Alaska, Florida and Ohio) may shift bluer.
- Twelve purple states (Kansas, Kentucky, Louisiana, Missouri, Nebraska, North Dakota, South Carolina, South Dakota, Tennessee, Texas, Utah and Wyoming) may development redder.
- Three swing states (Arizona, Georgia and North Carolina) may development redder, whereas two swing states (Wisconsin and Nevada) would possibly shift bluer.
- Michigan and Pennsylvania present blended shifts with no clear course.
New Jersey reveals the most important distinction favoring blue consumers, whereas Tennessee is the best choice for purple patrons. Florida, Texas and North Carolina are among the many main locations for each blue and purple homeshoppers, doubtless as a result of their comparatively inexpensive housing markets and favorable climates.
As voters put together for the upcoming election, the connection between housing traits and political preferences continues to evolve. With vital consideration on housing affordability, opinions on candidate housing coverage may considerably affect voter turnout and decision-making within the 2024 presidential election.
