The Real Deal New York

Could rocky U.S. housing markets lead to unseated incumbents?

November 02, 2010 05:30PM

How much will the housing market affect the congressional elections, which are set to close in a few hours? According to national housing data from Zillow.com, it could have quite an influence, with all but two of the most hotly contested congressional districts showing double-digit drops in home values from their peak levels, as of this summer. That means that a correlation between rocky markets and unseated incumbents could exist. In New York, for example, the first, 13th and 20th districts showed declines of 23.5 percent, 12.7 percent and 10.3 percent, respectively — and each of those congressional zones is also considered a battleground district. TRD


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