IRVINE, CA—Is there a correlation betweenhousing health and election results?RealtyTrac believes there may be, so the firm hasreleased a 2014 Election Housing Scorecard reportanalyzing the health of local housing markets in more than 1,500counties nationwide compared with two years ago and predicting USSenate race outcomes based on the results.
The firm studied these markets based on up to five factorsimpacting housing health: housing affordabilitycompared to two years ago, unemployment ratescompared to two years ago, foreclosure startscompared to two years ago, median home prices compared to two yearsago and the current percentage of seriously underwater homeowners.County housing markets were categorized as better off, worse off ora toss-up based on this score.
A total of 52% of all those analyzed were categorized as betteroff compared to two years ago, while 11% fell into the worse-offcategory and 36% were categorized a toss-up. A total of 50% of thetotal population in all housing markets analyzed for the reportwere in the better-off category, while 9% were in the worse-offmarkets and 41% were in the toss-up pile.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
