Vice President Kamala Harris is seen as the likely presidential candidate in terms of addressing the U.S. housing affordability shortage, but former President Donald Trump is seen as a better candidate for stock market and cryptocurrency investors. . This is according to the results of a recent survey. bloomberg.
With less than a week until Election Day, the presidential election remains so close that it is far from decided. But if the economy continues to be voters' North Star, a deeper dive into economic sentiment reveals subtle differences in voters' views.
“The stock market, which has risen about 22% through 2024, is likely to gain more momentum under Trump than under Harris,” Bloomberg said. “Among 350 respondents to the Bloomberg Market Live Pulse survey, about 38% see the rally accelerating in a year's time under Republican candidates, compared with 13% under Democrats.”
There are some caveats. If Harris wins, nearly half of respondents expect the market to maintain strong momentum throughout her term. But nearly 60% of respondents believe that pace will continue with a Trump victory.
But respondents say the market for potential home buyers will be more favorable under President Harris.
“The estimated median value is [a 30-year, fixed loan] “According to survey participants, Harris' interest rate at the end of her term is 5.5%, but under the Trump administration it would be 5.9%,” the article explained.
According to the data of housing wireThe 30-year conforming rate was 6.75%, the highest level since August, according to the Mortgage Rate Center on Wednesday.
“Many potential buyers have been stuck waiting for borrowing costs to fall in recent years,” Bloomberg said in its findings. “On the other hand, sellers with mortgage interest rates below 3% are reluctant to move or take on higher debt,'' he said, explaining the lock-in effect of mortgage rates.
Harris and Trump are releasing their final statements on the final day of the election cycle. The past few days have been controversial, with the Trump campaign unusually retracting comments about Puerto Rico at a recent rally in New York City, and Harris distancing herself from President Joe Biden's comments about Trump supporters.
