The 2016 Presidential Race and Housing
Whether you favor Hillary Clinton, Donald Trump or Bernie Sanders, there’s no doubt that the following president’s economic and employment plans will be an essential influence on the health and wellness of real estate for the next four years, including, maybe, the price of a mortgage.
According to a new survey, large numbers of Americans think the 2016 presidential election will have an adverse impact on the housing market, with 27 percent of buyers thinking the election will certainly harm real estate. That’s up from 15 percent in February.
63 percent of respondents believe the election will have little, to no result on the housing market at all, that’s still a 12 point decline considering that February, the study information reveal. A variety of respondents reported they felt the election will negatively impact the marketplace from 15 percent to 27 percent.
Whether you like Hillary Clinton, Donald Trump or Bernie Sanders, there’s no doubt that the following head of state’s economic as well as work policies will be a key impact on the wellness of real estate for the following four years, including, possibly, the price of a mortgage.
According to a new study, a number of Americans think the 2016 governmental election will have a negative impact on the housing market, with 27 percent of home buyers believing the election will only hinder real estate. That’s up from 15 percent in February. The survey of 975 home buyers was carried out in May by national real estate brokerage firm Redfin.
The study was conducted between May 17 and May 23 and consists of survey’s taken from 975 buyers in 36 states and Washington, D.C., Redfin says.
Though 63 percent of respondents believe the election will have no impact on the housing market at all, that’s still a 12 point decline given that from February, the study data show. The number of respondents concurring the election will negatively affect the marketplace expanded from 15 percent to 27 percent.
Simply 1 percent of respondents stated they would certainly leave the nation if their candidate didn’t win the election. However, an additional 9 percent claimed they will consider it as a serious option.
Despite his real estate pedigree, Donald Trump is behind Bernie Sanders among the respondents of the candidate’s choice from improving the housing market with current stated policies. Bernie Sanders drew 26.5 percent of customers in the survey. 28 percent stated the market would certainly be a lot better served by a candidate other compared to the 3 remaining contenders.
It’s probably no surprise Sanders did well on this survey: the study respondents were predominately young. Forty percent were millennials and greater than 37 percent were recent home buyers, Redfin stated.
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