How Will Shift in US Congress Effect Real Estate?

Now that the November elections are over, real estate professionals are looking toward 2011 as a year that will be marked with change. With a decisive shift in Congress, the fallout for the economy, business and consumers is still yet to be determined. In this month’s Power Broker Roundtable, real estate professionals Helen Hanna Casey and Matt Rand discuss where the see the market headed as we continue through the year.

Charlie Oppler, Special Liaison for Large Firm Relations, NAR

Helen Hanna Casey, President, Howard Hanna Real Estate services,
Pittsburgh, Pennsylvania
Matt Rand, Associate Broker, Better Homes & Gardens/Rand Realty, Hudson Valley, New York

Charlie Oppler: The November elections are behind us at last, but there is, as they say, a new sheriff in town – or at least a decisive shift in Congress. What the fallout will be, for the economy, for business, and for consumers is yet to be determined. One thing is certain: there is plenty of gridlock, and how adroitly legislators on both sides of the aisle can negotiate through it for the greater good will have a direct impact on our pocketbooks. If there is a bright spot, it is the unanimous recognition that job creation is key to recovery – and, by extension, to growth in the housing industry.

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