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Redfin Survey: 38% of People Who Already Voted Say Housing Affordability Impacted Their Presidential Pick

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Redfin's recent survey reveals that 38% of early voters considered housing affordability in their presidential choice. Harris voters (43%) were more likely than Trump voters (29%) to factor housing affordability into their decision. The economy (63%), inflation (59%), and protecting democracy (56%) were the top three concerns among early voters.

Regarding mortgage rates, 32% of respondents believe rates will decrease under Trump, while 23% expect rates to fall under Harris. Conversely, 32% anticipate rates rising under Harris, compared to 28% under Trump. For local races, 40% of early voters considered housing affordability, ranking fourth after crime and safety (50%), economy (46%), and inflation (41%).

Un recente sondaggio di Redfin rivela che il 38% degli elettori anticipati ha considerato l'accessibilità abitativa nella loro scelta presidenziale. Gli elettori di Harris (43%) erano più inclini rispetto a quelli di Trump (29%) a tenere conto dell'accessibilità abitativa nella loro decisione. Le preoccupazioni principali tra gli elettori anticipati erano l'economia (63%), l'inflazione (59%) e la protezione della democrazia (56%).

Per quanto riguarda i tassi di interesse sui mutui, il 32% degli intervistati ritiene che i tassi diminuiranno sotto Trump, mentre il 23% si aspetta una caduta dei tassi sotto Harris. Al contrario, il 32% prevede un aumento dei tassi sotto Harris, rispetto al 28% sotto Trump. Per le elezioni locali, il 40% degli elettori anticipati ha considerato l'accessibilità abitativa, posizionandosi al quarto posto dopo criminalità e sicurezza (50%), economia (46%) e inflazione (41%).

Una encuesta reciente de Redfin revela que el 38% de los votantes anticipados consideraron la asequibilidad de la vivienda en su elección presidencial. Los votantes de Harris (43%) eran más propensos que los votantes de Trump (29%) a tener en cuenta la asequibilidad de la vivienda en su decisión. Las tres principales preocupaciones entre los votantes anticipados fueron la economía (63%), la inflación (59%) y la protección de la democracia (56%).

En lo que respecta a las tasas hipotecarias, el 32% de los encuestados cree que las tasas disminuirán bajo Trump, mientras que el 23% espera que caigan bajo Harris. Por el contrario, el 32% anticipa un aumento de las tasas bajo Harris, en comparación con el 28% bajo Trump. En las elecciones locales, el 40% de los votantes anticipados consideraron la asequibilidad de la vivienda, ocupando el cuarto lugar después del crimen y la seguridad (50%), la economía (46%) y la inflación (41%).

레드핀의 최근 설문 조사에 따르면, 조기 투표자의 38%가 대통령 선택에서 주택의 적정 가격을 고려했습니다. 해리스 지지자(43%)트럼프 지지자(29%)보다 주택의 적정 가격을 결정에 반영할 가능성이 더 높았습니다. 조기 투표자들 사이에서 경제(63%), 인플레이션(59%), 민주주의 보호(56%)가 가장 큰 우려 사항으로 나타났습니다.

주택 담보 대출 금리에 관해서는, 응답자의 32%가 트럼프 정부 하에서 금리가 하락할 것으로 예상하고, 23%가 해리스 정부 하에서 금리가 하락할 것으로 기대하고 있습니다. 반대로, 32%는 해리스 하에서 금리가 상승할 것으로 예상하는 반면, 트럼프 하에서는 28%가 그렇게 예상합니다. 지역 선거에서는, 조기 투표자의 40%가 주택의 적정 가격을 고려했으며, 범죄와 안전(50%), 경제(46%), 인플레이션(41%) 다음으로 네 번째에 해당합니다.

Une récente enquête de Redfin révèle que 38% des électeurs anticipés ont pris en compte l'accessibilité au logement dans leur choix présidentiel. Les électeurs de Harris (43%) étaient plus susceptibles que les électeurs de Trump (29%) de fixer l'accessibilité au logement dans leur décision. Les trois principales préoccupations parmi les électeurs anticipés étaient l'économie (63%), l'inflation (59%) et la protection de la démocratie (56%).

Concernant les taux d'intérêt des prêts hypothécaires, 32% des répondants estiment que les taux vont diminuer sous Trump, tandis que 23% s'attendent à une baisse des taux sous Harris. Inversement, 32% anticipent une hausse des taux sous Harris, contre 28% sous Trump. Pour les élections locales, 40% des électeurs anticipés ont pris en compte l'accessibilité au logement, se classant au quatrième rang derrière la criminalité et la sécurité (50%), l'économie (46%) et l'inflation (41%).

Eine aktuelle Umfrage von Redfin zeigt, dass 38% der Frühwähler die Erschwinglichkeit von Wohnraum bei ihrer Präsidentenwahl berücksichtigt haben. Die Wähler von Harris (43%) waren eher bereit, die Erschwinglichkeit von Wohnraum in ihre Entscheidung einfließen zu lassen als die Wähler von Trump (29%). Die drei wichtigsten Anliegen unter den Frühwählern waren die Wirtschaft (63%), die Inflation (59%) und der Schutz der Demokratie (56%).

Hinsichtlich der Hypothekenzinsen glauben 32% der Befragten, dass die Zinsen unter Trump sinken werden, während 23% erwarten, dass sie unter Harris fallen. Umgekehrt erwarten 32% einen Anstieg der Zinsen unter Harris, gegenüber 28% unter Trump. Bei den lokalen Wahlen berücksichtigten 40% der Frühwähler die Erschwinglichkeit von Wohnraum und belegten damit den vierten Platz nach Kriminalität und Sicherheit (50%), Wirtschaft (46%) und Inflation (41%).

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Roughly one-third of respondents think mortgage rates will fall if Trump is elected. About one-quarter think rates will fall if Harris is elected.

SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — Just under two in five (38%) U.S. residents who had already voted as of November 1 say housing affordability impacted their presidential pick. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(Graphic: Business Wire)

(Graphic: Business Wire)

The findings in this report are from a Redfin-commissioned survey conducted by Ipsos on Oct. 31-Nov. 1, 2024. The nationally representative survey was fielded to 1,002 U.S. adults.

Kamala Harris voters were much more likely than Donald Trump voters to say housing affordability factored into their decision: 43% of respondents who already voted for Harris say affordability impacted their pick, compared to 29% of respondents who already voted for Trump.

Overall, people who already voted, regardless of who they voted for, were less likely to factor housing affordability into their presidential decision than most other issues Redfin asked about. Eleven of the 14 issues listed in the survey were more likely than housing affordability to impact votes.

The leading concern for early voters was the economy (63%), followed by inflation (59%), and protecting democracy (56%). Next came immigration (55%), healthcare (52%), crime and safety (47%), access to abortion (45%), U.S. involvement in foreign wars (41%), freedom of speech (41%), gun violence (40%) and the United States’ standing in the world (38%).

The only issues less likely to impact early voters’ presidential pick than housing affordability were climate change (36%) and access to gender affirming care (19%).

While voters who have already cast their ballot were more likely to cite issues other than housing affordability, it’s still an important factor for many voters. It has become much more difficult to afford to buy or rent a home since the pandemic-driven moving boom, which drove up housing costs. It’s worth noting that homes in traditionally blue parts of the country are typically quite expensive, which is likely one reason Harris voters were more likely to say housing affordability impacted their vote than Trump voters.

For Local Races, About 40% of Early Voters Say Housing Affordability Impacted Their Decision

Housing affordability ranks higher when it comes to voting for local elected officials than for president.

Two in five (40%) U.S. residents who have already voted say housing affordability factored into their pick for local races.

Crime and safety was the most important consideration, with 50% of early voters saying it impacted their decision on who to vote for. It’s followed by the economy (46%) and inflation (41%), then housing affordability.

Moving on to local ballot measures, 37% of people who already voted say housing affordability factored into their vote.

The economy was the most important issue in regards to local ballot measures/proposals/initiatives, with nearly half (47%) of those who already cast a ballot saying it impacted their decisions. Next were crime and safety (44%) and inflation (42%).

Roughly One-Third of U.S. Residents Think Mortgage Rates Will Fall If Trump Is Elected, While About One-Quarter Think Rates Will Fall If Harris Is Elected

Nearly one-third (32%) of U.S. residents think mortgage rates will fall if Donald Trump is elected president, while less than one-quarter (23%) think rates will fall if Kamala Harris is elected. This is according to the same Redfin-commissioned survey.

Similarly, U.S. residents are more likely to think mortgage rates will increase if Harris becomes president; 32% think rates will rise if Harris wins, while 28% think rates will rise if Trump wins.

Many people are torn; one-quarter of respondents (25%) say they don’t know what will happen with mortgage rates if Trump wins, and roughly the same share (26%) don’t know what will happen with rates if Harris wins.

Mortgage rates are primarily influenced by economic conditions and the Federal Reserve, which is politically independent, though Congress and the president of the United States are able to influence the long-term direction of the economy through policy changes.

Mortgage rates rose to 7% for the first time since early July last week, causing homebuyers to lose $33,000 in purchasing power. The Federal Reserve cut interest rates in September and outlined plans for future cuts, but mortgage rates continue to rise as investors try to gauge the odds of increased tariffs and government spending after the election.

To view the full report, including charts and methodology, please visit:
https://www.redfin.com/news/will-mortgage-rates-fall-under-trump-harris-survey

About Redfin

Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can have our renovations crew fix it up to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1.6 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 4,000 people.

Redfin’s subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@redfin.com. To view Redfin's press center, click here.

Contact Redfin

Redfin Journalist Services:

Isabelle Novak

press@redfin.com

Source: Redfin

FAQ

How many early voters considered housing affordability in their 2024 presidential vote according to Redfin (RDFN)?

According to Redfin's survey, 38% of U.S. residents who had already voted as of November 1, 2024, said housing affordability impacted their presidential choice.

What percentage of voters think mortgage rates will decrease if Trump wins vs. Harris in 2024?

32% of respondents believe mortgage rates will fall if Trump is elected, while 23% think rates will fall if Harris is elected.

What were the top 3 voting issues for early voters in Redfin's 2024 survey?

The top three issues were the economy (63%), inflation (59%), and protecting democracy (56%).

How did housing affordability rank in local election decisions according to Redfin's survey?

For local races, 40% of early voters considered housing affordability, ranking fourth after crime and safety (50%), economy (46%), and inflation (41%).

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