Real Estate and the November Elections

What do the real estate markets and Democrats´ prospects for the November elections have in common? Well it´s not healthcare even though Republicans will tell you Democrat Congressional majorities are at stake over the monumental legislation which just passed. By November, healthcare will be almost beside the point for the election. What will be key is the state of the economy and the jobs outlook. If recent stimulus injected economic growth hasn´t resulted in some jobs gains and improved voter confidence in the future for the country, the Democrats will lose ground-the more uncertainty the higher the Democrat losses. It´s as simple as that.

For real estate, markets desperately need an improved jobs picture to start to improve occupancies across flagging property sectors and increase consumer spending in stores. The November elections all come down to the economic track and speed of recovery. High unemployment spells trouble for real estate owners just as it does for incumbent politicians-that´s why Democrats appear especially vulnerable and real estate investors and borrowers continue to struggle through this protracted downturn and so far pseudo rebound.