Housing may stay on course, experts say

With Obama still in office, experts say real estate conditions may remain more or less the same.The results of the presidential election are in and President Barack Obama will stay in office for four more years. Issues in the housing market went relatively unaddressed during the presidential campaign, but with President Obama still at the helm, experts say conditions may remain more or less the same.Prior to his defeat, challenger Mitt Romney said he would make notable changes to the Federal Housing Finance Agency and the Consumer Financial Protection Bureau. These agencies played major roles in the creation and implementation of lending regulations in recent years. With President Obama still in office, the FHFA and CFPB will likely continue business as usual in the coming months.???Meanwhile, Romney claimed he would quickly reduce the roles Fannie Mae and Freddie Mac play in the mortgage industry and promote lending in the private sector instead. While this may still occur under the Obama administration, it will likely happen at a much slower pace.?Conditions in the Houston real estate market probably won't experience a dramatic shift in the near future. So far this year, property values and the home sales rate increased significantly and the reelection of President Obama likely won't change these trends. Real Estate News brought to you by 2M Realty, a true expert in the online real estate market.

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