Homebuyers considering state politics before buying: Redfin
02/09/2024 06:16
A new survey by Redfin reveals that according to real estate agents, one-third of American homebuyers are taking states' politics into consideration when choosing where to live. Redfin Chief Economist Daryl Fairweather joins Yahoo Finance Live to break down the survey data and how this trend could impact the housing sector in some states. Fairweather notes that homebuyers are "becoming more polarized," and real estate agents should start factoring that in when speaking to clients. Fairweather explains that many homebuyers who moved to other states due to factors such as cost of living, experience "trade-offs" upon discovery of their new community's political climate. With changes in work culture post-pandemic, Fairweather sees job location as "less important" and is not as much of a driving factor for where people move. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim
A new survey by Redfin reveals that according to real estate agents, one-third of American homebuyers are taking states' politics into consideration when choosing where to live.
Redfin Chief Economist Daryl Fairweather joins Yahoo Finance Live to break down the survey data and how this trend could impact the housing sector in some states.
Fairweather notes that homebuyers are "becoming more polarized," and real estate agents should start factoring that in when speaking to clients. Fairweather explains that many homebuyers who moved to other states due to factors such as cost of living, experience "trade-offs" upon discovery of their new community's political climate.
With changes in work culture post-pandemic, Fairweather sees job location as "less important" and is not as much of a driving factor for where people move.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Eyek Ntekim