Swing state housing markets could have major election implications: VIDEO

TRD New York /
Oct.October 15, 2012 06:00 PM

In the midst of presidential debate season, Jed Kolko of Trulia said that neither Obama nor Romney “have housing as a winning issue” (see video above). In order to win two key swing states, he said, the candidates need to step it up.

Two swing states at issue: Florida and Nevada, which Kolko refers to as the states with “the highest housing misery in the country,” with sharp declines and a lot of borrowers delinquent, behind on payments or in foreclosure. As The Real Deal previously reported, 11 percent of Florida’s mortgaged homes are in foreclosure.

“Those are the places where Obama and Romney need to share what their plans are for housing and how they’re going to prevent the next housing bubble from happening,” said Kolko.

Kolko said it’s a bit surprising that either candidate hasn’t spoken more about housing, but then again the housing crisis now isn’t as severe as it was several years ago with prices rising and foreclosures declining in some states. [CNBC] — Zachary Kussin


Related Articles

arrow_forward_ios
Maefield Development's Mark Siffin and 20 Times Square (Credit: Maefield)

Lender forecloses on Maefield’s billion-dollar Times Square project

Thor Equities' Joe Sitt and 725 8th Avenue (Credit: Google Maps)

Thor facing foreclosure at Theater District building

Home foreclosures dropped nearly 20% in Q3, report shows

Home foreclosures dropped nearly 20% in Q3, report shows

Manhattan’s 10019 zip code, which covers Midtown, Times Square, Herald Square and Midtown South, saw the most foreclosures in the borough with eight. (Credit: iStock)

Manhattan foreclosures soar 118%, driven by mortgage defaults

15 East 63rd Street and Oleg Cassini (Credit: Google Maps and Getty Images)

Oleg Cassini’s former UES headquarters faces foreclosure

Mayor Bill de Blasio and Frank Carone (Credit: Getty Images)

City tapped De Blasio donor to take over foreclosed properties

416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)

Lenders in glass houses? Judge rules Maverick can’t foreclose on Chelsea property because it violated loan agreement

Foreclosure starts are up in 17 states and a number of major cities. (Credit: iStock)

Nationwide foreclosure rates continue to drop, but problem areas remain

arrow_forward_ios