The economy matters in an election year. And while our economy is fine on paper, it might not feel that way to anyone who wants to buy a home in this post-pandemic era. How that’ll affect President Joe Biden or former President Donald Trump is still to be determined, but they may want to pay particular attention to swing states.
“Voters in swing states care about housing affordability because soaring home prices and mortgage rates, along with a shortage of homes for sale, have made homeownership feel impossible for some Americans,” Redfin’s senior economist Elijah de la Campa said in an analysis published Tuesday. “That’s especially true for young people who are earning low incomes and haven’t yet built up their savings, making them feel it would be an uphill battle to reach their parents’ level of financial success.”
