Industry NewsMarkets & Economy

Real estate money split on Dems, GOP

McCain had slight edge in presidential race

Those employed in real estate may have been rooting more for John McCain than Barack Obama, but all in all the industry's federal campaign contributions have been more evenly balanced between Democrats and Republicans in the 2008 election cycle than at any time since 1992, according to the Center for Responsive Politics. Individuals employed in the industry and real estate political action committees (PACs) have made $105.5 million in federal campaign contributions in 2007 and 2008, according to the center's analyses of reports released by the Federal Election Commission (FEC) and published at Of those contributions, 49 percent went to Democrats and 51 percent to Republicans.The Center for Responsive Politics tracks contributions of $200 or more from PACs and individuals employed in real estate, plus soft money and individual donations to political parties. Contributions by individuals ($96 million in the 2008 cycle) dwarfed PAC spending ($9.4 million). The re...