24% Of Democrats Say Trump's Election Made Them Less Likely To Buy A Home

New data from Realtor.com shows a partisan divide in housing market sentiment after Donald Trump’s presidential election victory. Republicans have increased optimism, while Democrats are hesitant about home-buying plans.

Morning Consult’s survey in early November found that roughly 20% of Republicans report being more likely to purchase a home due to the election outcome. In contrast, nearly a quarter of Democrats indicate they’re now less likely to enter the housing market in the coming year.

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Independent voters remained largely unmoved by the election results, with 74% reporting no change in their home-buying intentions.

The contrasting sentiments align with Trump’s proposed housing policies. Real estate experts anticipate market changes under his leadership, particularly around interest rates and development regulations.

His platform, announced before the election, called for removing construction barriers, including regulations that currently add over $90,000 to new home prices and for opening federal lands for housing development.

“Many in the real estate business are elated with a Trump victory and if the administration can live up to its campaign promises, rightfully so,” said Alex Beene, financial literacy instructor at the University of Tennessee at Martin. “For months, he has been advocating for lower interest rates, which have become one of the most significant barriers to homeownership in the post-pandemic years.”

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However, Realtor.com Chief Economist Danielle Hale said the proposals present opportunities and challenges. While supply-side policies might boost housing inventory, proposed immigration restrictions could affect construction labor. Census Bureau data shows that up to one-third of residential construction relies on foreign-born workers.

The survey polled 2,201 adults nationwide and highlighted demographic variations in housing market confidence.

Male respondents showed notably higher optimism, with 18% indicating an increased likelihood to buy compared to 10% of women. Generation Z emerged as the most optimistic age group, with 22% reporting enhanced home-buying prospects, followed by millennials at 19%, Generation X at 12% and baby boomers at 6%.

Economic outlook drives the responses. Republicans who expressed increased interest in home buying cited anticipated improvements in economic conditions and confidence in the new administration. 

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“I believe the interest rates will go down. Inflation will drop to affordable levels,” one respondent noted in the survey’s free-response section.

Democrats who expressed decreased home-buying interest pointed to economic concerns. “There is a very real possibility that the economy will tank and having my own home will be impossible,” one participant stated.

Others specifically mentioned worries about inflation and tariff policies.

The housing sentiment split mirrors broader economic confidence trends. Morning Consult data cited by Realtor shows Republican consumer sentiment surged nearly 30% postelection, while Democratic sentiment declined 13% during the same period.

Current homeowners across party lines reported minimal impact on their selling intentions, though Democrats showed a slightly higher tendency to delay selling plans.

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