Election year holds promise for housing market, economy

'Shadow market' of would-be owners, renters could lead real estate recovery

Economic recovery will be in full swing by October 2012. Why? Because there is a presidential election in November 2012. This is America. This is the way it works.

Inventory is coming down in many markets, according to just about any report we read these days, and hopefully employment opportunities will grow not only for those out of work, but for the millions who are underemployed.