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new survey by Realtor.com reveals that Republicans are more optimistic about the housing market following Donald Trump's presidential election win, while Democrats have become less so. The poll found that 20% of Republicans say they're now more likely to buy a home due to the election, whereas 24% of Democrats claim they're less likely to purchase a property in the next year.
Independents were the most unaffected by the election outcome, with 74% stating it had no impact on their homebuying plans. Realtor.com Chief Economist Danielle Hale notes that while majorities of adults say the election results don't influence their decision to buy or sell a home, those who are swayed have shown a clear partisan pattern.
The survey suggests this divide is largely driven by differing expectations about the economy and the impact of the new administration. Among current homeowners, most said the election didn't change their likelihood of selling in the next 12 months, with Republicans and Democrats responding similarly. However, Democrats were slightly more likely to say the election reduced their chances of selling.
Those who believe the election made them likelier to buy a home cited optimism about the economy as the top reason, followed by trust in the new administration. In contrast, those who said the election dented their homebuying prospects pointed to concerns about the economy and the new administration as the main reasons for their pessimism.
The survey also revealed that men and Gen Z were the groups most buoyed by Trump's election win. Among men, 18% said they're likelier to buy a home due to the election, compared with just 10% of women. Additionally, 22% of Gen Zers reported an increase in their homebuying prospects, outpacing other age groups.
The poll was conducted online by Morning Consult among a national sample of 2,201 adults from November 7-8, 2024. The data was weighted to approximate a target sample of adults in the U.S., based on factors such as gender, educational attainment, age, race, and region.
