Homeowners and renters split on affordability outlook
More than half of US homeowners and renters (51.2%) agree that reduced immigration could result in fewer construction workers and fewer new homes, making housing more expensive. This finding comes from a recent national survey commissioned by Redfin, a technology-powered real estate brokerage.
However, 38.5% of respondents expressed a different view, agreeing that reduced immigration would lower demand for housing, making it more affordable.
The survey was conducted by Ipsos between March 28 and April 28, 2025, and included 4,000 US homeowners and renters. Participants were asked to respond to the following question: “To what extent do you agree or disagree with the following statements in relation to recent and/or proposed changes to laws or policies that could affect the housing market?”
Political affiliation appeared to influence responses. Among Democrat respondents, 67.1% agreed that less immigration would increase housing costs. In contrast, only 38.7% of Republican respondents shared this view.
On the subject of tariffs, 67.9% of respondents said they strongly or somewhat agreed with the statement: “Tariffs will cause price inflation and keep interest rates high.” Meanwhile, 34.7% agreed with the opposing viewpoint: “Tariffs will help boost the US economy so more people can afford homes.”
Republicans were more likely than Democrats to express confidence in tariffs’ positive economic impact. According to the survey, 55.3% of Republican respondents agreed that tariffs would help improve affordability, compared to 23.9% of Democrats.
Concerns about the effects of tariff policies are also growing. Redfin reported in April that nearly one in four US residents have canceled plans for a major purchase, such as a home or car, due to president Trump’s tariff measures.
More than two in five respondents (43.1%) reported feeling very or somewhat worried about the potential effect of tariffs on their local housing market or home values. In contrast, 33.1% reported feeling very or somewhat hopeful.
Regarding immigration policy, 40.7% of respondents said they felt very or somewhat hopeful about the economic effects of deportations or fewer immigrants. Meanwhile, 26.3% reported feeling very or somewhat worried.
The findings reflect a divided public opinion on how national policies—particularly related to immigration and trade—may shape the housing market and broader economy in the coming months.
What are your thoughts on the recent findings? Share your insights below.
