Housing prices recovering faster in Republican-leaning states

October 24, 2012 03:30PM

The housing recovery seems to favor states that vote Republican, the New York Times reported. In 22 of 24 states that are likely to back Mitt Romney, home prices have risen from the nadir of the housing crisis.

However, it’s a different story for the 18 states that are leaning Democratic; twelve of those states have seen prices fall below the crisis lows.

The Federal Housing Finance Agency’s House Price Index said today that U.S. home prices increased 4.7 percent in August year-over-year. But broken down by states, prices rose above the recession low in 33 states and dipped below the recession bottom in the other 17.

There are also the tossup states — eight in total — where prices have risen in five of them: Colorado, Virginia, Florida, Iowa and Ohio. New Hampshire, Wisconsin and Nevada have posted declines. [NYT] — Zachary Kussin