Don't count on election to boost housing

Commentary: Expect new leadership at Fed and Treasury regardless of who wins

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

The last economic data to be released before the election has given no advantage to either candidate. We did pick up 171,000 jobs in October, a little better than forecast, and revised up another 84,000 in prior months.

However, the average workweek was unchanged for the fourth month in a row, and hourly earnings fell slightly, over the last year rising only 1.6 percent. "U-6" — the measure of unemployment including "involuntary part-time" — is still 14.6 percent.