Home Prices Come Into Focus as Key Issue in the 2024 Election

May 13, 2024 · The debate comes as housing affordability reaches some of the most abysmal levels on record. Nationally, median list prices are up 28% since January 2021, and the home …

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Home Prices Come Into Focus As Key Issue In The 2024 Election

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May 13, 2024 · The debate comes as housing affordability reaches some of the most abysmal levels on record. Nationally, median list prices are up 28% since January 2021, and the home …

realtor.com

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Housing Could Shape The Election In Battleground States

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Sep 14, 2024 · The median sale price of a home in the U.S. was $438,837 as of July, according to Redfin data, up from $422,000 a year earlier and $331,000 in January 2021, when Biden was …

newsweek.com

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Could home prices play a role in the 2024 presidential election?

Home prices could play a subtle but important role in the 2024 presidential election, according to a recent first-of-its kind study. The academic study, Housing Performance and the Electorate, analyzed home prices and election results at the county level for each of the six presidential elections from 2000 to 2020. ...

Is the 2024 election a good time to buy a house?

Consider it another way in which the 2024 election is anything but typical. With mortgage rates up and home prices out of reach for many first-time buyers, the affordability crisis is increasingly in the spotlight as campaign season heats up. ...

Is the 2024 election the housing market?

Well, it’s looking like the 2024 election is the housing market, stupid. More than half of homeowners and renters say housing affordability is influencing who they plan to vote for in the upcoming presidential election, according to a Redfin-commissioned survey of roughly 3,000 people, conducted last month. ...

How much have home prices risen in 2024?

In the four years through August 2024, national home prices have risen 45%, according to the S&P CoreLogic Case-Shiller Home Price Index. According to the National Association of Realtors, the median sales price of a home in the US hit a record high this summer and now hovers just below that level. ...

Could home prices influence the upcoming presidential election?

For the upcoming presidential election, the new finding suggests the outcome could be partly influenced by home prices in swing counties of the seven battleground states: Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin. ...

Do home prices affect election results?

In that subset of swing counties, home prices appeared to have the biggest impact on election results, according to the study. In swing counties, for every 1% increase in home values over the four years preceding an election, the county was 0.36% more likely to vote for the incumbent party in the next election, the study found. ...