Industry News

NAR’s Political Action Committee raises more than $5 million

Overall real estate industry money favors Clinton, Romney

Real estate money favors Hillary Clinton in the 2008 presidential race, according to statistics posted at opensecrets.org, a Web site operated by The Center for Responsive Politics, a Washington, D.C.-based nonpartisan, nonprofit research group. Real estate industry contributors gave $3.94 million to the presidential campaign of U.S. Sen. Hillary Clinton, D-N.Y., according to data released on Oct. 29 by the U.S. Federal Election Commission. Republican presidential candidate Mitt Romney was second with $3.3 million in real estate industry contributions, followed by Republican candidate Rudolph W. Giuliani with $2.9 million, Democratic contender Barack Obama with $2.3 million and Republican candidate John McCain with $1.7 million. The National Association of Realtors Political Action Committee had total receipts of $5.5 million in the 2007-08 election cycle through Dec. 31, according to FEC reports, with $3.9 million in individual contributions, $2.1 million in total disbursem...

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