Trulia conducted its annual real estate forecasting a little differently this year. They regularly commission a Harris poll of about 2,000 Americans in order to determine attitudes and plans for house hunting in the year to come. This year, they conducted the polling twice: before the election and after. In what is becoming a familiar refrain, they found Democrats feeling blue and Republicans full of optimism. Millennials, too, are likelier to have a pessimistic outlook for the future.
Compared to findings before the election, the post-November 8 poll found Republican optimism for home buying in 2017 jumped a massive 26 points. The percentage of Democrats predicting home buying in the next year fell 23 points.
Millennials' outlook is dour these days too, according to the survey. For the first time since 2011, the number of millennials considering homeownership as part of the American Dream has fallen. While 83 percent of the group said they planned to own a home some day, most (72 percent) said it wouldn't happen until the end of 2018 at the earliest.
The real estate behemoth's predictions for 2017 mirror many of Zillow's, most prominently the likelihood of rising construction costs.
Check out the full report here.
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