Zillow survey shows experts bullish on Clinton; not so much on Trump, Sanders
If the American people choose President Trump or President Sanders, the impact on housing would be decidedly negative, according to survey results released Wednesday by Zillow.
In an effort to determine the potential impact of each of the presidential challengers, Zillow surveyed more than 100 housing experts about their expectations for the housing market, and specifically about how each presidential candidate would impact the housing economy.
The experts were asked for their view on the impact each candidate would have on home values, housing finance reform, and the overall economy.
Both Sanders and Trump do not fare well in the experts’ eyes.
According to Zillow’s survey, the housing experts said that Trump and Sanders would both have a negative impact on home values, housing finance reform and the overall economy if elected.
Clinton, on the other hand, fared better in the eyes of surveyed experts.
Zillow’s survey results showed that the experts see a positive impact on home values and housing finance reform during a Hillary Clinton administration and a neutral impact on the overall economy.
The results of the Zillow report are based on a survey of 107 experts conducted between April 25 and May 5, 2016.
Given the timeframe of the survey, the respondents were also asked about the impact of Ohio Gov. John Kasich and Sen. Ted Cruz, R-TX.
Interestingly, Kasich fared the best of all the candidates in the eyes of the housing experts.
The experts said that Kasich would have had a positive impact on home values, housing finance reform and the overall economy, while Cruz would have had a negative impact on all three categories.
According to Zillow, the survey respondents predicted home price appreciation would end 2016 up 4% year-over-year, up from expectations of 3.7% in the previous Home Price Expectations Survey.
But, if Sanders or Trump is elected, the economists would lower their expectations for home values and the overall performance of the U.S. economy.
Zillow’s report showed that respondents viewed Kasich’s centrist views most favorably, and least liked Sanders’ Socialist ideas and Trump’s unpredictability.
“As the presidential election nears, candidates’ individual plans for the economy are increasingly under scrutiny,” said Zillow Chief Economist Svenja Gudell.
“Many of the candidates’ proposals sound appealing to voters, but a closer look through the panelists’ economic lens reveals the potential impact on our economy,” Gudell said.
“The results from this survey show us that from these economists’ standpoint, the more centrist candidates from either party would be best for the economy and housing market,” Gudell continued. “Respondents saw the more polarizing political leanings of Donald Trump and Sen. Sanders as having a negative effect.”
Click on the image below to see the views of the housing experts of the candidates.