Dive summary:
- Whether it's Barack Obama or Mitt Romney who has to begin to prepare a change-of-address kit, observers are betting that it will be hands-off for the housing sector lest any attempt at change upsets the dawning recovery.
- Though the private sector is still wary of home mortgages and the federal government still insures 90% of them, the Federal Housing Finance Agency predicts that government assistance to Fannie Mae and Freddie Mac should be down at least $10 billion by 2015.
- Still looming over that scenario, however, is how to deal with deficit and revenue without addressing the mortgage-interest deduction.
From the article:
Don't fix what isn't broken. Whatever the outcome of Tuesday's elections, that is likely to be one view of the housing market, especially given its nascent rebound. ...
