"The current housing shortage and affordability crisis has been decades in the making," said Redfin chief economist
Trump has a four-point lead as the candidate that voters expect will be better for homeowners, with 42% of respondents giving him the edge compared to 38% of people who said Biden would be better for homeowners. Trump's lead widens among homeowners, 46% of whom expect Trump to be better for themselves, compared to 36% who expect Biden to be better. Among renters the results flip, with far more renters (45%) expecting Biden to be better for homeowners than Trump (31%). On the flip side, Biden has a seven-point edge as the candidate people expect to be better specifically for renters, leading 42% to 35%.
Biden holds an even larger lead among renters, with nearly half (49%) saying that Biden will be better for renters, compared to just a quarter who expect Trump to be better for renters. Homeowners are close to evenly split between who they think will be better for renters.
"Trump has promised to preserve suburban home values, and Biden has promised to do away with exclusionary housing policies that limit housing available for low-income renters," explained Fairweather. "Those campaign promises explain in part why people believe Trump would be better for homeowners, but Biden would be better for renters."
The same Redfin survey of over 3,000
According to another new Redfin report expanding on these findings, people who are voting for
Trump voters were less likely to support any of the three pro-housing policies Redfin asked about, with just 43% in favor of down-payment assistance and 49% supporting incentives for low-income housing or any kind of housing. Only 24% of Trump voters support policies that make more dense housing possible in their neighborhood.
"Housing is one of the few types of policies that does not fall neatly into liberal or conservative camps," said Fairweather. "While many Americans across both major parties can agree that there's a need for more housing—particularly affordable housing—both
Support for down-payment assistance was predictably high among renters, with 62% in support compared to just 48% among homeowners. However, renters were not much more likely than homeowners to support government incentives for low-income or other types of housing, with support from both groups ranging between 55% and 61%. Renters were also mostly opposed to density in their own neighborhood, with just 31% supporting the idea, compared to 26% of homeowners.
To read both of these reports complete with charts of Redfin's survey findings, please visit:
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