Monday night will see the first presidential debate between Republican candidate Donald Trump and Democratic candidate Hillary Clinton. With the election still considered to be a complete toss-up, both candidates are counting on the "swing states" to secure their presidency.
Each candidate's messaging to those swing states is important, whether they are touting economic prosperity or economic disparity, as battleground states, which are those that are not considered a sure win for the Republican or Democratic Party, saw the highest spike in home prices over the last five years, according to a report by Trulia.
Eight states are now considered as key to swinging this year’s presidential election: Arizona, Florida, Georgia, New Hampshire, North Carolina, Ohio and Pennsylvania, according to Trulia's report. In each of these states, home values rose more than 30% since 2011.
This is more than the rise of 18% in states that favor Republican candidates and the rise of 29% in states that support Democratic candidates, according to the report.
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(Source: Trulia)
Within the battleground states, Nevada, Arizona and Florida saw the largest increase in home prices over the past five years at 78%, 53% and 51% respectively.
However, it’s important to note that the dramatic value in home growth in Nevada is as much a result of inflated housing prices reached before the recession in 2008. Prices in that state had further to fall and their recovery to normalcy can look exaggerated when compared to a relatively stable state such as Ohio.
Generally, the nation seems to agree that home prices would continue to rise under a Trump presidency rather than a Clinton presidency.
In fact, 47% of Democrats said home prices would rise if Trump is elected, compared to 24% who said the same about Clinton. About 38% of Republicans said home prices would rise if Clinton is elected, compared to 33% who said the same about Trump.
Independents favored rising home prices under Trump rather than Clinton at 34% versus 28%. Millennials also agree that home prices would rise under Trump at 49% compared to Clinton's 26%.
