After Trump victory, Republicans grow bullish on housing: survey

Miami /
Dec.December 07, 2016 02:15 PM

From the New York website: Whether or not people voted for Donald Trump may help determine their confidence in the housing market, according to a new survey by listing site Trulia.

Prior to the election, Republicans surveyed by Trulia were mostly pessimistic about the market. But following Trump’s victory they swung around, and the vast majority say now is a good time to buy or sell a home.

Democrats, meanwhile, went in the opposite direction. Prior to the election, the difference between the number of optimists and pessimists was 13 percentage points, according to Trulia. But after the election, pessimists suddenly outnumber optimists by 10 points among Democrats.

Most Republicans and Democrats do appear to agree on one thing: Trump’s victory — and the prospect of rising interest rates — may make it tougher to get a mortgage.

It wasn’t immediately clear whether these sentiments will have an actual impact on the market (will home prices in Republican-leaning areas suddenly take off?), but Zillow’s chief economist Svenja Gudell said they generally matter. “Expectations move the market,” she told Bloomberg. “It happens all the time.” [Bloomberg]Konrad Putzier


Related Articles

arrow_forward_ios
Ron DeSantis and Peter Thiel (Illustration by The Real Deal with Getty)
Peter Thiel on Florida real estate: “becoming like California”
Peter Thiel on Florida real estate: “becoming like California”
Affiliated Development co-founder Nick Rojo along with 9445 Fontainebleau Boulevard in Miami (left) and the Bohemian apartment project in Lake Worth Beach (right) (Getty Images, Affiliated Development, Google Maps, MSA Architects)
“Slamming on the brakes”: South Florida’s record rent hikes slow
“Slamming on the brakes”: South Florida’s record rent hikes slow
Clockwise from top left: One Sotheby’s Jorge Uribe, Compass' Ida Schwartz, Fortune International Group's Edgardo Defortuna and Royal Palm Companies' Dan Kodsi (Illustration by Kevin Rebong for The Real Deal)
Slowdown hits South Florida’s hot resi market: Here’s what that means
Slowdown hits South Florida’s hot resi market: Here’s what that means
(Illustration by The Real Deal with Getty Images)
South Florida’s June resi sales drop by double digits
South Florida’s June resi sales drop by double digits
(iStock/Illustration by The Real Deal)
Miami again ranks as nation’s least affordable housing market, followed by LA, NY
Miami again ranks as nation’s least affordable housing market, followed by LA, NY
US HUD Secretary Marcia Fudge (Getty, iStock)
A heavy crown: HUD secretary declares Miami “epicenter” of nation’s housing crisis
A heavy crown: HUD secretary declares Miami “epicenter” of nation’s housing crisis
Donald Trump, Eric Trump and Donald Trump Jr with 1125 South Ocean Boulevard (Premier Estate Properties, Getty)
Trump’s Palm Beach estate listed for rent asking $208K a month
Trump’s Palm Beach estate listed for rent asking $208K a month
Residential sales fall in Southern Florida
Residential sales fall in April across South Florida
Residential sales fall in April across South Florida
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...