You folks reading from outside of the U.S. might think us either crazy, or demented, after you view a few of our political ads on TV or on the Internet! Thankfully - they will all be history soon, as will this historic election.
We all know the U.S. Economy has become the key issue on most voters' minds. Unemployment rates are up in many areas, income stagnant versus price inflation, and home prices have declined.
One measure of comparative housing prices comes from the Office of Federal Housing Enterprise Oversight (OFHEO), which tracks data by state for homes backed by a Fannie Mae or Freddie Mac-guaranteed mortgage loan.
OFHEO Data indicate that Democrat IL Senator Barack Obama leads in all but two states which show price declines between the end of the Second Quarter, 2007, and the Second Quarter of this year, the latest period for which their statistics are available. The exception states, in which Republican AZ Senator John McCain leads - his home state of Arizona, and the home state of running mate and Vice Presidential Candidate AK Governor Sarah Palin - Alaska.
Here is the OFHEO Chart comparing home sales data, unemployment rates, and changes in personal income for every state. It was posted in the Wall Street Journal Real Time Economics Blog by Reporter Phil Izzo yesterday.
See, as well, our post this afternoon via BlogChicagoHomes.com.
DEAN & DEAN'S TEAM CHICAGO