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Housing recovery and the election

Posted on 09 November 2012

President Barack Obama and Mitt Romney barely uttered the word “housing” during the recent campaign, and neither displayed much of plan for curing the greatest real estate crisis in decades. “On housing, they both suck,” foreclosure expert Sean O’Toole said the other day in a presentation on realty defaults before the Sacramento Association of Realtors.
Still, is it possible that the nascent housing recovery contributed to Obama’s re-election? Alex Villacorta, director of research and analytics at Truckee-based Clear Capital, says yes. “Recent progress gave voters confidence that gains would continue under an Obama administration,” he says in the company’s November market report………………………………………..Full Article: Source

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