Presumptive Republican presidential nominee Donald Trump and Democratic presidential candidate Sen. Bernie Sanders, I-Vt., have something in common besides their populist support and views on fair trade: Economists don't like them.
Economists polled by Zillow for its Home Price Expectations Survey said that a Trump or Sanders win in November would create a negative impact on the housing market and the country's overall economic outlook. The economists predicted that home price appreciation would rise 4% from 2015 at year's end, but said their expectations would decrease if Sanders or Trump became president.
With Sanders, economists took issue with his democratic socialism beliefs, while Trump's unpredictability garnered him ill will.
"Many of the candidates' proposals sound appealing to voters, but a closer look through the panelists' economic lens reveals the potential impact of those proposed policies on our economy," said Svenja Gudell, Zillow chief economist, in a news release Wednesday.
"The results from this survey show us that, from these economists' standpoint, the more centrist candidates from either party would be best for the economy and housing market."
Along those lines, Democratic candidate former Secretary Hillary Clinton was the only remaining major party candidate to gain mostly positive ratings. The poll was conducted before Sen. Ted Cruz, R-Texas, and Ohio Gov. John Kasich exited the Republican race. Economists viewed Kasich most favorably of all the candidates at that time, while they had a mostly negative view of Cruz.
Zillow also found that half of the survey-takers attributed home value growth predominantly to low inventory. Additionally, two-thirds of respondents said they did not believe that recent monetary policy decisions that kept interest rates low were "causing an unsustainable increase in home values," Zillow said.
