“Investor sentiment is almost twice as positive today as it was in the third quarter of 2023, and they’re even more optimistic about the future,” said RCN Capital CEO Jeffrey Tesch. “It seems likely that investors are reacting to improving market dynamics – financing costs declining, the inventory or homes for sale increasing dramatically, and home price appreciation slowing down, but still rising.”
Flippers favor Harris
Investors surveyed were not only confident in Harris’s chances of winning the election but also viewed her as better for the real estate investing environment. Around 47.2% of respondents said Harris would create a better climate for investors, compared to 39.2% for Trump.
Interestingly, views on the election differ across states. In California, flippers lean toward Trump, with 62.1% predicting he will win. Rental property investors in the state favor Trump even more strongly, with 70% expecting him to create a better real estate environment. However, in Florida, opinions are divided: 60% of flippers believe Harris will win, while 65% of rental property investors predict a Trump victory.
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On a national level, flippers generally favor Harris, with 56.9% saying she would be better for the real estate market. In contrast, rental property investors are more inclined to back Trump, with 45% believing he would foster a better investment environment compared to 39.6% for Harris.