Housing Crisis Influences 2024 Election Outcomes

Donald Trump's recent election victory has reignited discussions around the US housing crisis, which has seen home prices surge dramatically—by nearly 58% since 2019—amid rising mortgage rates and significant inflation. Both Trump and Vice President Kamala Harris addressed housing affordability during their campaigns, with Harris proposing ambitious plans for new housing construction and Trump attributing rising costs to immigration. In swing states, the housing market has been particularly strained, with prices doubling in some areas, which correlates with Trump's increased vote share among constituents facing these hardships. As Trump prepares for his second term, speculation arises regarding his housing policies, including potential mass deportations aimed at reducing housing costs. Meanwhile, some believe his presidency could positively affect the UK housing market due to increased US investment. The focus on housing as a pivotal voter issue underscores its significance in shaping political outcomes in the US.