How the presidential election affects the real estate market – The Washington Post
Four years after the housing bubble burst, there’s much unfinished business regarding the restoration of the nation’s real-estate market for the next president to tackle, experts across the political spectrum say.Whether you prefer President Obama or Republican nominee Mitt Romney, there’s no denying that the next president’s economic and employment policies will be a key driver of the health of real estate for the next four years, not to mention the price of a mortgage. His policies will influence whether you can afford to buy a house or the amount of profit or loss you can expect from selling your house.
“The next president, whoever it turns out to be, is going to have a couple of big housing issues to address,” said Barry Zigas, director of housing policy at the Consumer Federation of America. For starters, “what is the government’s role in housing finance and will consumers have access to mortgages at affordable rates?”
On the campaign trail, Obama and Romney have hinted at the next steps they’d take, though neither campaign has outlined a comprehensive proposal for recovery of the housing market and private mortgage lending.