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significant number of prospective first-time homebuyers are delaying their purchases, with over a quarter waiting to see if Vice President Kamala Harris' proposed $25,000 down payment assistance program becomes a reality. According to a recent survey by Redfin, 26.1% of respondents are holding off on buying until they know more about the initiative.

    The survey, conducted among 491 likely first-time homebuyers, found that supporters of Harris were more likely to be waiting for her housing affordability plan, with 32.7% expressing interest. In contrast, only 21.6% of Trump supporters said they would wait for a similar program from his administration.

    Financial preparedness remains the primary factor in timing home purchases, with 30.3% of respondents still building their savings and another 28.9% citing personal or family considerations as reasons for delay. The housing market has been stagnant, with only about 2.5% of U.S. homes changing ownership from January to August.

    Buyers are uncertain about the impact of the election on the economy, with 23% planning to wait until after the presidential contest to gauge economic conditions. Immigration policy is also a concern for some buyers, particularly those who identify as immigrants or visa holders.

    The survey highlights the complex factors influencing potential homebuyers, including campaign promises, government assistance programs, and market shifts. While some respondents are waiting for Fed interest rate cuts or federal affordable housing initiatives, others monitor state and local affordable housing programs. The data suggests a housing market in suspended animation, with buyers navigating multiple considerations before making their move.