Consumers Hesitant to Move Where They’d Be Political Minority

Consumers Hesitant to Move Where They’d Be Political Minority | Realtor Magazine

More than one-third of home buyers and sellers—or 38%—recently surveyed said they would be hesitant to move to an area where the majority of residents have differing political views from them, according to a new survey from the real estate brokerage Redfin. Redfin commissioned a survey of more than 3,000 U.S. residents who bought or sold a primary residence in the last year or plan to in the next 12 months.

“This decade’s tumultuous political climate has widened the aisle between parties not only in Congress and the voting booth, but in our nation’s communities,” says Daryl Fairweather, Redfin’s chief economist. “While the share of home buyers and sellers who hesitate about moving to a place where most people have different ideologies has been declining, I imagine tensions will start to flare again as we head into the 2020 election year. As more people—especially young professionals—head inland from blue coastal cities seeking affordability in smaller inland metros, it’s likely they will seek out communities where they’ll live, work, and send their kids to school with like-minded people. We expect to see red places in the middle of the country become redder and the blues bluer as the migration trends we’ve been reporting continue.”

However, young adults may be more open than other generations to living in areas that don’t hold the same political beliefs as them. About 23% of respondents aged 25 to 34 would be “enthusiastic” about moving to an area where most residents do not share their political view, the largest share of any other age group, Redfin notes. Meanwhile, about 6% of people aged 65 or higher would be enthusiastic at moving to a place that didn’t hold their same political beliefs.

Redfin's politics chart. Visit source link at the end of this article for more information.

© Redfin

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