Why Battleground-State Housing Might Help Romney
Ohio (18 electoral votes)
The Buckeye State's housing market is beginning to pick up, and Ohio Association of Realtors chief Bob Fletcher considers that a slight positive for Obama.
"Housing is a very important part of the overall economy, and [if a rebound] has any effect, I think that would be helpful to the president," the expert says.Average Ohio house prices rose 5.2% over the past year to hit $145,142 as of August, the latest month with figures available. All told, average prices have risen 35.6% since bottoming out at $107,034 in January 2009 -- the same month Obama took office. Some 87% of Ohio Realtors also reported "moderate to strong" conditions in their local market as of August, up from 46% a year earlier. That said, average Ohio house prices are still off 14.6% from their June 2006 peak of $169,925. "We're not out of the woods yet, there's no question of that," Fletcher says. "But we're seeing some very good signs."
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