Politics and local laws are influencing where people move, real-estate agents say: Redfin

by | Feb 6, 2024 | Stock Market

Location used to be everything in real estate, but now it’s local laws that appear to be influencing where people want to buy homes, according to a new survey. One-third of real-estate agents say they have worked with buyers who moved over the last 12 months mainly because of state or local laws or politics, according to a new first-of-its-kind survey of 500 real-estate agents by brokerage Redfin
RDFN,
+0.68%.
Redfin agents say they’ve worked with clients who have wanted to move either to more liberal parts of the country or to more conservative areas. These moves have been influenced by gun laws, reproductive-rights laws and tax policies, the agents said.

“State and local laws and politics have also become increasingly important as the nation gets more polarized, with Democrats and Republicans drifting further apart on issues like climate, immigration and education,” Redfin said in the report.  With the U.S. Supreme Court striking down the constitutional protection for a woman’s right to have an abortion in 2022 and states diverging on gun policies, many house hunters are rethinking where they would prefer to live. The Redfin survey looked at home buyers moving within the U.S. and not at people leaving the country. “State laws differ on partisan issues like abortion and gun control, with many Americans reporting they would prefer to live in a place with laws that align with their own …

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[mwai_chat context=”Let’s have a discussion about this article:nnLocation used to be everything in real estate, but now it’s local laws that appear to be influencing where people want to buy homes, according to a new survey. One-third of real-estate agents say they have worked with buyers who moved over the last 12 months mainly because of state or local laws or politics, according to a new first-of-its-kind survey of 500 real-estate agents by brokerage Redfin
RDFN,
+0.68%.
Redfin agents say they’ve worked with clients who have wanted to move either to more liberal parts of the country or to more conservative areas. These moves have been influenced by gun laws, reproductive-rights laws and tax policies, the agents said.

“State and local laws and politics have also become increasingly important as the nation gets more polarized, with Democrats and Republicans drifting further apart on issues like climate, immigration and education,” Redfin said in the report.  With the U.S. Supreme Court striking down the constitutional protection for a woman’s right to have an abortion in 2022 and states diverging on gun policies, many house hunters are rethinking where they would prefer to live. The Redfin survey looked at home buyers moving within the U.S. and not at people leaving the country. “State laws differ on partisan issues like abortion and gun control, with many Americans reporting they would prefer to live in a place with laws that align with their own …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

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