Election Aftermath: 1 in 5 Plan to Move

Election Aftermath: 1 in 5 Plan to Move

22% of U.S. residents are more likely to move now that the election is over, according to Redfin. Among these individuals, 36% are considering relocating to another country, while 26% are contemplating a move to a different state. Conversely, 21% of respondents indicated they are less likely to move post-election. Additionally, a survey conducted in October, found that nearly 25% of first-time homebuyers were waiting until after the election to resume or start their search.

Ralph’s Take

The survey, conducted last Thursday and Friday during a time of heightened emotions across the political spectrum, revealed that about 1 in 5 respondents considering a move said the election results increased their likelihood of buying a home. This aligns with historical trends, as the real estate market often experiences a " Bounce-Back Effect " following the conclusion of a presidential election.