According to an article on the WRE news on July 16, swing state home buyers are paying 92 percent more on housing payments than in 2020. Nationwide housing costs are up over that period but will homebuyers in the seven swing states that might determine the winner in this year’s presidential election care that they have seen their median monthly housing payments nearly double since Joe Biden won the 2020 election? (According to new data report from Redfin (NASDAQ:RDFN). The WRE article goes on, "Redfin defined the swing states to be Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin. The homebuyers in these states are paying an average of $2,161 per month on their monthly housing payments, a new record high and a 92% spike from four years ago. And homebuyers in blue states are averaging a record $3,311 per month, up 83% from four years earlier, while the homebuyers’ median housing payment has risen 95% to a record $2,066 in red states." Obviously there is a great deal more that goes into how someone votes but since I read lots of news on real estate I thought this was in interesting point to share. COVID, supply chain disruptions and higher interest rates were much of the reason for the higher costs but yet sometimes voters look at the President as the problem. With Biden stepping out of the race yesterday this shouldn't have an impact on the election but who knows what criteria people use when voting.
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