Why Battleground-State Housing Might Help Romney
Virginia (13 electoral votes)
The Old Dominion State's housing market appears to have bottomed out early this year, but Virginia Realtors Association President-Elect Mary Dykstra doesn't think many voters have noticed.
"I see the numbers and things are getting better, but I don't think it's a hot topic [among Virginians]," she says. "I think people have gotten accustomed to housing just not being so great."The latest figures show that Virginia's median home prices hit $247,950 in August -- a 3% gain over the past year and a 21% rebound from the $204,950 bottom they reached in January. Median prices are still down 16% from their June 2007 peak of $295,000, though. Dykstra adds that voters where she lives in Southeast Virginia -- near regulation-wary coal country and the hard-hit furniture-manufacturing center of Martinsville -- are more worried about jobs than housing. "What I hear from my own clients is a general cynicism that the whole country seems to share: 'Nobody in office is going to make my house worth more,'" Dykstra says.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV