Obama: Good or Bad for Real Estate?

Now that a new President has been elected, the question becomes what kind of changes are we likely to see and how will the policies of the new Administration shape the different economic markets.

Will Obama help or hurt the real estate market?

According to a recent article in the Daily Real Estate News, the Obama Administration and the new Congress will quickly focus on regulatory reform of the financial services industry. The main thrust of the focus will be on "proper regulation of mortgage-and other asset-backed securities."

Of course Fannie Mae and Freddie Mac, currently under the long arm of the government, will be scrutinized as well. Are we to trust these same people to regulate these agencies again? Did you know that the securities and investment industry, including Fannie Mae and Freddie Mac, contributed close to $10 million to Obama’s campaign?

What do you think? We’d love to hear your opinion, pro or con. Do you think Barrack Obama will be good, or bad, for real estate? Use the comment link below to sound off. And don’t worry, even though your email address is required in order to post a comment here, it will never be published with your comments in order to protect your privacy. Hope to hear from you on this question.