While the National Association of Realtors (NAR) this past week analyzed why the housing market might be protected from a potential political gridlock in upcoming months, the housing market was one of the key issues in a report that elaborated on key issues that Congress may not be able to fully reform anytime soon.

The message that Congress may not be able to compromise on the housing market was discussed in the report that NAR received from news anchor and political commentator Chris Matthews. Mathews spoke at last week’s Insights and Perspectives with Chris Matthews session at the Realtor® Party Convention & Trade Expo.

As the talk show host of MSNBC’s Hardball with Chris Matthews, Matthews offered his opinion to NAR that Congress is far too partisan to agree on anything. The partisan-like views currently existing will certainly influence the outcome of the 2016 presidential race, but right now we need two sides to agree on what is best for the housing market.

A simple Google search can define a partisan as, “prejudiced in favor of a particular cause.” We certainly see this today where one side is in favor of some government control of the housing market to keep it stabilized, while the other side is for a strictly privatized market.

Matthews take on partisanship is that it is going to continue for quite some time, well beyond the 2016 election. Matthews backing for this hypothesis is due to the idea that we live in a strictly two party system that is not afraid of being defeated by a moderate candidate. Because of this, “They run their campaign under the promise of being well-engrained within their party,” said Matthews.

The talk show host however agrees with the premise that effective politics needs compromise. According to his views, respect and the ability to settle differences of common goals is a factor that is going to positively settle key issues such as the housing recovery. Despite his own beliefs, he also concurs that partisanship is the way of the future. With something as sensitive as the entire mortgage market that involves a nationwide structure of both residential and commercial real estate, it is apparent that division in the issue could create a political gridlock.

With 2 years left until the next major election, it will be very interesting to watch what happens as Matthew states. Although from LoanSafe’s perspective, it is not necessarily fun to watch the housing market crumble. Recent news has shown that areas in the market are actually recovering rather than crumbling.

Earlier this month, 33 national organizations and 163 state and local organizations sent a letter to 6 senators who are on the Senate Banking Committee to get cracking on better organizing Housing Finance Reform and the Taxpayer Protection Act of 2014. This reform calls for the expansion of the National Housing Trust Fund, the nation’s only standing federal fund to build affordable multifamily housing.

Several Pilot Programs such as Blue Print for Access, and an expansion of a green multifamily energy saving program through Fannie Mae and HUD seek to improve housing conditions for everyone. Many housing advocates like FHFA Director Mel Watt are promoting the expansion of mortgage credit so middle class borrowers can continue to buy homes. At the same time, it is recognized that certain rules such as those that limit buyers to only the ones who can qualify to pay back should exist.

While there are opportunities and reforms like these being created on the top levels, there are organizations and individuals on the opposite side trying to extend a continuation of business practices that were known to have been contributed to the starting of the housing crisis.

We at LoanSafe recently analyzed the other report that NAR released earlier this week regarding housing reform and politics. In that piece David Plouffe, a former adviser for the Obama Administration stressed that he predicts that there will be no majorities in the U.S. Senate or House for the next six years. He claims that this imbalance might create a tipping point where they all, “come to the middle and cooperate because that’s what the electorate wants.”

Based on Matthews interpretation, what is currently happening with partisan parties is creating even more division than majority parties.

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