This year's election slogan may just be "It's the housing market, stupid."
Anyone who's followed politics over the last several months has undoubtedly heard the media refrain that the economy will dominate 2010 mid-term elections. After the escalating job crisis, however, the housing market may one of the bigger factors in voters' minds. With home sales upended by a halt on foreclosures by lenders like Bank Of America and PNC, there's increasingly little optimism in the housing market.
While it's easy to see why the economy will be a bigger detriment to the Democrats' chances in November, the housing market is so broadly damaged that it may affect both parties for years. The hardest-hit housing markets in America are roughly equally split between the parties, according the below data from real estate search site Zillow.
There are nine Republicans and 11 Democrats currently in office in the housing markets that have seen the biggest drop in values from their pre-crisis peaks, Zillow notes. For more information, check out Zillow's to search housing prices by Congressional district.