Redfin Survey: Majority of U.S. Homeowners and Renters Say Housing Affordability Affects Their Pick for President
11 Março 2024 - 9:00AM
Business Wire
Meanwhile, nearly two-thirds of respondents say
housing affordability makes them feel negative about the
economy
(NASDAQ: RDFN) — More than half (53.2%) of U.S. homeowners and
renters say housing affordability is impacting who they plan to
vote for in the upcoming presidential election. That’s according to
a new report from Redfin (redfin.com), the technology-powered real
estate brokerage.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240311165972/en/
Findings are from a Redfin-commissioned
survey conducted by Qualtrics in February 2024. (Graphic:
Redfin)
The findings are from a Redfin-commissioned survey conducted by
Qualtrics in February 2024. The nationally representative survey
was fielded to roughly 3,000 U.S. homeowners and renters.
“Housing affordability is top of mind for voters because
elevated mortgage rates and home prices, along with an acute
housing shortage, have pushed the dream of homeownership out of
reach for many Americans,” said Redfin Chief Economist Daryl
Fairweather. “While the economy is strong on paper, a lot of
families aren’t feeling the benefits because they’re struggling to
afford the house they want or already live in. As a result, many
feel stuck, unable to make their desired moves and life
upgrades.”
In addition, nearly two-thirds (64.2%) of homeowners and renters
say housing affordability makes them feel negative about the
economy.
President Biden last week unveiled a number of initiatives aimed
at making housing more affordable. His proposal includes tax
credits for first-time buyers and sellers of starter homes, along
with a plan to build more than 2 million new homes.
“What the housing market needs most to address the affordability
crisis is more supply,” said Fairweather. “If 2 million homes are
actually built over the next several years like President Biden is
proposing, that’s where the rubber will meet the road in addressing
housing affordability.”
To view the full report, please visit:
https://www.redfin.com/news/housing-affordability-election-2024
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240311165972/en/
Redfin Journalist Services: Angela Cherry, 913-638-8249
press@redfin.com
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