Industry News

People, money, issues drive housing’s political agenda

Part 4: Real estate and politics

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Editor's note: Since the Homestead Act more than 150 years ago, politics, policy and real estate have gone hand in hand. Today, politics and policy are even more central to a vibrant and functioning real estate market. In this special four-part series of stories during an election year, Inman News looks at the relationship between politics and real estate. (See Part 1: Democrats, Libertarians make inroads in housing; Part 2: Housing's public policy agenda; and Part 3: Realtors have money, masses.) When John Seymour was appointed to represent California in the U.S. Senate in 1991, Realtors rejoiced. Seymour had political experience as former mayor of the City of Anaheim, Calif. But he knew a lot about real estate, too. He'd owned a real estate development and investment company for nearly 20 years and he'd been president of the California Association of Realtors in 1980. Realtors who 13 years ago hoped Seymour's rise in the halls of political power heralded more such events to follow w...