Analysis Finds Past Presidential Elections Had Little Impact on Home Sales
Redfin Forecasts $6.2M Homes Sales in 2020, the Most Since 2006
SEATTLE, Oct. 6, 2020 /PRNewswire/ — (NASDAQ: RDFN) — Twenty-two percent of homebuyers and sellers said the upcoming presidential election is impacting their plans to buy or sell a home, according to an August survey from Redfin (www.redfin.com), the technology-powered real estate brokerage. That’s down from 32% in November 2019, per a similar Redfin survey. The drop from last year is likely due to the pandemic, which seems to be outweighing the election as a factor for homebuyers and sellers.
Thirteen percent of respondents said the election is making them more hesitant to buy or sell a home, down from 20% in November 2019. Nine percent of respondents said the election is making them less hesitant to buy or sell a home, down from 12%