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Will the election make a difference in the real estate market?

By Walt Turner

Real Estate Agent with Long & Foster Realtors - Smith Mountain Lake

April 16, 2008 10:05 AM

As we all know, every area of the country is different and has been effected in some way with the mortgage fall out but, will a new president make a difference in our livelihood. I am not so sure that I have heard anyone say they were going to fix the oil prices which are nickel and diming us to death at the pump. I wonder if it is just as much our fault by not keeping in tune with the type of loan our clients are getting. I, on the other-hand, explain to my clients the down side of an ARM and what could be the negative outcome. Do you see any of the three nominees expressing a sure fix to the housing crisis in this country? I would like your feedback...

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Endea Thibodeaux

Lanham, MD

Solar Energy Consultant, CDPE, CLHMS

I have heard candidates talking about the mortgage crises but no one is talking about the people whose incomes and businesses have fallen because of this crisis.

Apr 16, 2008 10:18 AM

Keith Goodman

Keith Goodman - Merced, CA

Walt. All I know is I hope that someone will do something due to the election. Thanks Royal..

Apr 16, 2008 10:20 AM

Stella Barbour

NoVa Brokers LLC - Vienna, VA

Principal Broker, Serving Virginia and Maryland

This market has created a concern not just with housing, but a lot of other businesses that have or about to go under. I hope someone steps up to the plate.

Apr 16, 2008 02:40 PM

Karen Kruschka

RE/MAX Executives - Woodbridge, VA

- "My Experience Isn't Expensive - It's PRICELESS"

Walt, Unless and until the members of Congress start working together an election will not solve any problems or make any difference. Karen

Apr 20, 2008 08:47 AM

Frances C. Rokicki

Fran Rokicki Realty, LLC - Bolton, CT

Broker-Mentor,CRS

The members of Congress, which the three candidates are, have done nothing to help our economy so far. They certainly are buying gas & oil, except, it's on their expense account that we pay for;) I don't believe it will affect us one way or another. Rates have remained low, thank goodness, so that has to be helping.

It's a Good Life!

Fran

Apr 20, 2008 10:16 AM

Karen Turney

Homesmart - Phoenix, AZ

Phoenix Real Estate

Walt, I have been a political junkie since I was a kid, I even majored in it in college and have been active with many local, state and national candidates. Here's my answer to your question. YES! I watch closely every four years and it doesnt really seem to matter who "wins" the election just that the perception of the average citizen is that "a change is coming" This tends to shift our way of thinking, we gain more consumer confidence and act on that. As soon as the 2 candidates are definite I believe we will see a shift, perhaps it will be small, but I will take that, anything would be good. All of the candidates have been talking about Gas, with Clinton wanting an inquiry into the rising prices. Remember when Enron hiked up the price of energy on California and other western states. The current Governor lost to the now Gov. All because some energy traders manipulated the market. So who knows maybe we will have gas prices addressed. At any rate, I am optomistic!!

Apr 23, 2008 10:39 AM

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Walt Turner

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