Results of presidential election could impact housing

The results of the election could have a significant impact on Houston real estate.Election day is here and a record number of Houstonians are expected to turn out and cast their votes for the next president.So far, more than 766,000 residents turned out across Harris County in early polls and an additional 450,000 are expected to submit their votes before polls close later today, Harris County clerk Stan Stanart told local news outlet KPRC.”The last presidential election (in 2008) we had 1,088,000 voters,” Standart said. “I'm predicting we're going to exceed 1.2 million, or 1.22 million is my prediction.”The results of the election could have a significant impact on Houston real estate and the industry across the country.For example, experts believe if President Barack Obama is reelected, he will continue government initiatives, such as the Home Affordable Refinance Program, to assist struggling borrowers. Meanwhile, former Massachusetts Governor Mitt Romney believes mortgage activity should shift back to the private sector and may eliminate the roles Fannie Mae and Freddie Mac play in the industry.?? Real Estate News brought to you by 2M Realty, a true expert in the online real estate market.

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