A new survey reveals that nearly half of Americans planning to move in 2025 cite the current political climate as a major reason, with many seeking locations that align with their political values. Rising mortgage rates and concerns about inflation are also influencing decisions, creating a complex landscape for potential homebuyers.
A recent LendingTree survey reveals that while most Americans are content staying put in 2025, a significant portion, approximately 40%, plan to relocate. This desire to move isn't solely driven by the need for a larger space, as nearly 50% of those intending to move cite the current political climate as a major influence. Furthermore, 43% express a desire to live in a location that aligns more closely with their political beliefs and values.
The results also highlight the impact of the recent presidential election, with 41% of would-be movers attributing their decision to relocate to this event. This sentiment is further broken down based on political affiliation, with specific percentages for those inspired to move due to the election results. Beyond political motivations, other factors are contributing to the desire to relocate. The average rate on a 30-year mortgage in the U.S. has surged to slightly above 7%, the highest level in eight months. This increase, fueled by a rise in bond yields, adds hundreds of dollars to monthly costs for borrowers, dampening the enthusiasm of homebuyers and extending the national home sales slump that began in 2022. Economists are also concerned about the potential inflationary impact of President-elect Donald Trump's economic policies, particularly his plans to significantly increase tariffs on imports. These factors, combined with the current political climate, are shaping the decisions of Americans considering a move in 2025
MOVING POLITICAL CLIMATE MORTGAGE RATES INFLATION ECONOMIC POLICIES
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