{"id":78631,"date":"2024-10-02T05:00:24","date_gmt":"2024-10-02T12:00:24","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=78631"},"modified":"2024-10-22T11:21:16","modified_gmt":"2024-10-22T18:21:16","slug":"renters-trump-harris-housing-affordability","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/renters-trump-harris-housing-affordability\/","title":{"rendered":"Trump vs Harris: Renters Debate Who Is Better for Housing Affordability"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Roughly half of surveyed renters think Kamala Harris would be the best choice to make housing more affordable, while about one-third think Donald Trump would be best. Renters skew Democratic because many of them are young and live in cities.<\/i><\/strong><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>The president can\u2019t solve the housing affordability crisis on their own; it will take a coordinated effort by federal and local governments, Redfin&#8217;s chief economist explains.<\/i><\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Nearly half (48.4%) of U.S. renters think Kamala Harris would be best for making housing more affordable, while nearly one-third (31.2%) think Donald Trump would be best. About one of every five renters (18.7%) aren\u2019t sure who would be best.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-78633\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/10\/FINAL-KAMAL-CHART-1024x711.png\" alt=\"\" width=\"800\" height=\"556\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/10\/FINAL-KAMAL-CHART-1024x711.png 1024w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/10\/FINAL-KAMAL-CHART-300x208.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/10\/FINAL-KAMAL-CHART-768x534.png 768w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/10\/FINAL-KAMAL-CHART-1536x1067.png 1536w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/10\/FINAL-KAMAL-CHART-2048x1423.png 1727w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/10\/FINAL-KAMAL-CHART.png 1728w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Tha<\/span><span style=\"font-weight: 400;\">t\u2019s according to a Redfin-commissioned survey conducted by Ipsos in September 2024. The survey was fielded to 1,802 people aged 18-65. This report focuses on the 894 renter respondents who answered the following question: \u201cRegardless of who you plan on voting for in the US presidential election, which candidate do you think will be the best for making housing more affordable?\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Renters skew Democratic because many of them are young people who live in cities, where the cost of living is higher and people are more likely to rely on the government for help, explained Redfin Chief Economist <\/span><a href=\"https:\/\/www.redfin.com\/news\/author\/darylfairweather\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Daryl Fairweather<\/span><\/a><span style=\"font-weight: 400;\">. More than two of every five (43.6%) renters who responded to the survey plan to vote for Kamala Harris in the November election, while 28% plan to vote for Donald Trump, 12.3% don\u2019t plan on voting and 11.7% are undecided. The remainder of renter respondents preferred not to answer (3.6%) or plan to vote for another candidate (0.8%).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWhile the president has some tools to combat the housing affordability crisis, they can\u2019t fix it on their own,\u201d Fairweather said. \u201cIt\u2019s going to take a coordinated effort by the federal government and local governments over the course of many years, focused on incentivizing more homebuilding to ease a housing shortage that has been brewing since the Great Recession.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s worth noting that while renters only make up about one-third (34.4%) of U.S. households, that share has been ticking up as the cost of homeownership has soared. America\u2019s renter population is growing <\/span><a href=\"https:\/\/www.redfin.com\/news\/renter-household-growth-2024\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">three times faster<\/span><\/a><span style=\"font-weight: 400;\"> than its homeowner population, a separate Redfin report found.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-78632\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/10\/rentership-rate-1024x710.png\" alt=\"\" width=\"800\" height=\"555\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/10\/rentership-rate-1024x710.png 1024w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/10\/rentership-rate-300x208.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/10\/rentership-rate-768x532.png 768w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/10\/rentership-rate-1536x1065.png 1536w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/10\/rentership-rate.png 1731w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Roughly half of surveyed renters think Kamala Harris would be the best choice to make housing more affordable, while about one-third think Donald Trump would be best. Renters skew Democratic because many of them are young and live in cities. The president can\u2019t solve the housing affordability crisis on their own; it will take a [&hellip;]<\/p>\n","protected":false},"author":13346,"featured_media":77862,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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Katz","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/09\/Lily_Katz-150x150.jpg170bf170d167b138a07120b77fbb41ab","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/09\/Lily_Katz-150x150.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/09\/Lily_Katz-150x150.jpg","caption":"Lily Katz"},"description":"As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender equality and housing affordability. Prior to working at Redfin, Lily spent four years as a reporter at Bloomberg News in New York City.","url":"https:\/\/www.redfin.com\/news\/author\/lily-katzredfin-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/78631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/users\/13346"}],"replies":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/comments?post=78631"}],"version-history":[{"count":0,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/78631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media\/77862"}],"wp:attachment":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media?parent=78631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/categories?post=78631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/tags?post=78631"},{"taxonomy":"dashboard","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/dashboard?post=78631"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/coauthors?post=78631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}