Housing policy key in 2012 election

Nov.November 08, 2011 01:04 PM

Seven in 10 Americans say housing will be a crucial issue during the 2012 presidential and congressional elections, according to a survey by Move Inc. cited by the Wall Street Journal. After all, four out of five Americans say housing is key to the economic recovery.

The Journal noted that candidates would be wise to take heed of this 1,000-person poll, as states that have served as critical swing states in past elections, specifically Florida and Nevada, were also the ones hit hardest by the foreclosure crisis.

But presidential hopefuls shouldn’t confuse the importance of housing with a need to get government involved. Just 21 percent of respondents said government should increase its role in the sector, and twice that many said the government ought to reduce involvement.

“A great way to improve consumer confidence is to have clarity around housing policy,” said Errol Samuelson, chief revenue officer of Calif.-based Move Inc. [WSJ]

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