SEATTLE—As primary season wraps up, many homebuyers are pessimistic about the presidential election's effect on the market. That is according to a new survey by real estate broker Redfin, based here in Seattle.
As GlobeSt.com's sister publication, ALM's ThinkAdvisor.com posted, 27% of respondents said the election would have a negative effect on the housing market, up from 15% in a February survey. Sixty-three percent of homebuyers said the election would have no effect on the market, a 12 percentage point decline since February.
Redfin conducted its survey about Hillary Clinton, Donald Trump, Bernie Sanders and election-year politics in mid-May among 975 homebuyers in 36 states and Washington, D.C. Forty percent were millennials, and some 37% were first-time buyers.
“While homeowner anxiety over the election is clearly mounting, the likelihood of an immediate shock to the market is slim,” Redfin's chief economist, Nela Richardson, said in a statement. “It will take considerable time for our next commander-in-chief to implement policies that have any impact on housing.”
To read the full story on ThinkAdvisor.com, click here.
SEATTLE—As primary season wraps up, many homebuyers are pessimistic about the presidential election's effect on the market. That is according to a new survey by real estate broker Redfin, based here in Seattle.
As GlobeSt.com's sister publication, ALM's ThinkAdvisor.com posted, 27% of respondents said the election would have a negative effect on the housing market, up from 15% in a February survey. Sixty-three percent of homebuyers said the election would have no effect on the market, a 12 percentage point decline since February.
Redfin conducted its survey about Hillary Clinton, Donald Trump, Bernie Sanders and election-year politics in mid-May among 975 homebuyers in 36 states and Washington, D.C. Forty percent were millennials, and some 37% were first-time buyers.
“While homeowner anxiety over the election is clearly mounting, the likelihood of an immediate shock to the market is slim,” Redfin's chief economist, Nela Richardson, said in a statement. “It will take considerable time for our next commander-in-chief to implement policies that have any impact on housing.”
To read the full story on ThinkAdvisor.com, click here.
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