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
Tillary Hotel at 85 Flatbush Avenue (Image via Kutnicki Bernstein Architects)

Isaac Hager’s Downtown Brooklyn hotel heads to foreclosure

Isaac Hager’s Downtown Brooklyn hotel heads to foreclosure
A million homeowners haven’t requested forbearance on their mortgages — and are now at risk for foreclosure and eviction. (iStock)

1M struggling homeowners didn’t request forbearance. Now what?

1M struggling homeowners didn’t request forbearance. Now what?
U.S. foreclosure filings in August jumped 11% as some states ended relief measures, though continued government intervention has prevented sharper increase (iStock)

US foreclosure filings jump as some states end relief measures

US foreclosure filings jump as some states end relief measures
FHFA director Mark Calabria (Getty; iStock)

Fannie and Freddie extend eviction, foreclosure moratorium

Fannie and Freddie extend eviction, foreclosure moratorium
Matthew Kramer, Victor Petrescu, Sebastian Jaramillo and Gov. Ron DeSantis (Getty, iStock) 

Eviction, foreclosure freeze in Florida delaying inevitable flood of cases

Eviction, foreclosure freeze in Florida delaying inevitable flood of cases
The threat of eviction hangs heavily above immigrant families who have lost work as a result of the coronavirus pandemic. (Getty)

Eviction bans don’t always protect the most vulnerable

Eviction bans don’t always protect the most vulnerable
Governor Andrew Cuomo and New York Chief Administrative Judge Lawrence Marks (Getty)

New York courts put the kibosh on foreclosures

New York courts put the kibosh on foreclosures
Toby Moskovits, Fortress managing director Spencer Garfield and the 215 Moore Street Site (Moskovits by Sasha Maslov)

Toby Moskovits’ Bushwick Generator thrown into receivership

Toby Moskovits’ Bushwick Generator thrown into receivership
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...