Will Housing Market Impact Congressional Races?
|November 2, 2010||Posted by Sandie under News, Real Estate|
Election Day is finally here. After months of campaigning, incumbents and newcomers alike will meet their fate. It is a monumental day for both politicians trying to hold onto their office and challengers trying to uproot their competition.
While for a portion of Congressional Districts the outcome is already pretty clear, there are many hotly-contested races that could go either way. It will be particularly interesting to see how the state of the housing market in these districts correlates with the outcomes of the elections.
This chart from Zillow.com shows the changes in home values (a representation of the state of the housing market) in districts with some of the most hotly-contested races. It will be interesting to see if any trends emerge in terms of the election outcomes of these races. Will people in areas where the housing market has remained stable re-elect the incumbent? Will a poor housing market lead voters to uproot the sitting party in their district?
Let us know: How big of an impact does the state of the housing market have on how you cast your vote?