10/31/2024
23% of buyers who are likely to purchase their first home in the next year said they are waiting until after the election. That’s according to Redfin’s LATEST SURVEY of 1,802 U.S. homeowners and renters aged 18-65. Here’s more data from their survey:
• 26.1% said they are waiting to see if the Harris housing affordability plan goes into effect
• 15.9% are waiting to see if the Trump housing affordability plan is enacted.
• 18.3% are waiting for the Federal Reserve to cut interest rates in 2025
• The election is actually the third-most common reason buyers are hesitating, behind saving for a home (30%) and waiting for the right timing (29%)
