According to Reuters, affordable housing is a critical issue in this year’s presidential election, with single-family home prices up 6.3% since April.
Rising home prices will be on voters’ minds as President Joe Biden and former President Donald Trump hit the campaign trail, especially in battleground states like Arizona, Nevada, Georgia, Michigan, North Carolina, Pennsylvania, and Wisconsin.
In 2016, Trump won all these states except Nevada.
“When deciding where to buy a home, understanding the potential economic landscapes shaped by presidential policies is crucial,” said Neha Gharpande, a real estate agent in New York.
“If Trump is re-elected, cities in low-tax, pro-business states like Taxes and Florida will thrive.”
Ghapande has closely analyzed the potential impacts of Trump’s re-election on the housing markets based on his campaign policy’s projected economic influences.
Here are 5 cities where Gharpande said she would buy a house if Trump were re-elected.
Austin, Dallas, or Houston
Residents in Texas already benefit from no state income tax and living in a pro-business environment, which aligns with Trump’s economic policies of low taxes and deregulation.
“Expect conTrump’scorporate relocations to Texas, which boost job growth and housing demand,” Gharpande said.
Companies like Tesla and Oracle have already moved to Austin, which will have a strong economic future.
Gharpande also predicted continued growth in Austin’s technology” sector, and an expansion in Dallas‘ financial industry.
Factors If Trump wins, Texas will be a prime investment destination.
Miami, Tampa, or Orlando
Like Texas, Florida’s favorite tax policies, include no state income tax.
According to Gharpande, increased migration in Trump’s higher-tax states will boost housing markets, making Florida attractive to retirees and remote workers.
Miami’s global business ties, Tampa’s growing tech and healthcare sectors, and Orlando’s resurgence in tourism will boost housing demand.
This makes Florida an excellent choice for homebuyers seeking strong market growth.
Phoenix and Scottsdale
Arizona could benefit from Trump’s focus on “border security and economic development.
Gharpande predicts Arizona’s booming technology industry, increased business influx, and lower cost of living compared to coastal states will drive up overall housing demand.
Phoenix will see a surge in tech startups, while Scottsdale will attract retirees and professionals seeking luxury living,” she said.
This economic growth will positively impact property values.
Nashville
Tennessee’s low taxes and central location to southern and midwestern states, along with its rich cultural scene, make it appealing under Trump’s business-focused policies.
Gharpande also highlighted Nashville’s role as a central cultural and economic hub under Trump, with substantial investments in music, healthcare, and education.
Nashville’s affordability and vibrant job market will draw young professionals and families, boosting housing demand,” Gharpande said.
This positions Nashville as a prime city for real estate investment.
Las Vegas
Trump’s tax policies and support for Las Vegas’ tourism industry make him a strong contender.
She predicted that the city’s economy would recover and grow with increased investments in entertainment and real estate.
Housing demand will be driven by new business ventures and an influx of workers in the entertainment and hospitality industries.
This makes Las Vegas a valuable market for real estate investment.