Home buyers and sellers are nearly twice as likely to support policies designed to keep homes affordable as they are to support policies designed to strengthen home values, according to a new report from Redfin.

The report's findings are based on a June Redfin-commissioned survey of more than 3,000 U.S. residents who bought or sold a primary residence in the last year, or plan to in the next 12 months.

In general, home buyers and sellers support policies that help would-be home buyers struggling to afford a home over policies that benefit existing homeowners or investors and home-flippers.

  • Respondents are nearly twice as likely to support policies designed to keep homes affordable as they were to support policies designed to strengthen home values.
  • Nearly half of respondents said rising home prices over the past decade have made their life worse, while just 16% said rising home prices made their life better.
  • 63% of respondents believe the government should provide down payment assistance to working-class families buying their first home.
  • Respondents were more likely to support policies designed to limit investors' ability to buy homes to flip or rent out.

When asked about policies meant to lift up home values or keep homes affordable, 34% of respondents said they support policies designed to keep homes affordable, compared with 19% who prefer policies meant to strengthen home values. 37% said they support both types of policies, reflecting the moral dilemma this topic can present to homeowners who are financially motivated to grow their often biggest asset, but also care about the continued affordability and livability of the community in which they have invested.

Redfin asked respondents how each of a handful of changes to the economy over the last decade have affected their life. Nearly half (46%) said rising home prices made their life worse, compared to just 16% who said that rising home prices made their life better. Homeowners who bought at the bottom of the market in 2012 have collectively earned $203 billion in home equity. However, first-time home buyers struggle to afford homes at current-day prices.

When asked whether the government should or should not provide down payment assistance to working-class families buying their first home, the majority of respondents (63%) said they believe the government should provide down payment assistance. 76% of African Americans respondents said that the government should provide down payment assistance, which was the highest percentage of any racial group.

Redfin asked respondents whether they would support policies that limit investors' ability to buy homes to flip or rent out or if they would support policies that make it easier for investors to buy homes to flip or rent out. Respondents preferred policies that limit investors. 33% of respondents said they support policies that limit investors' ability to buy homes to flip or rent out compared to only 25% of respondents who said they support policies designed to make it easier for investors to buy homes to flip or rent out.