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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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
