By Adam Bonislawski | The Wall Street Journal
Can a looming election make it more difficult to sell your home? Yes—particularly if the contest is close.
In a paper published last year in the British Journal of Political Science, Princeton economist Brandice Canes-Wrone and her co-author Jee-Kwang Park, an assistant professor at Nazarbayev University in Astana, Kazakhstan, used data from Zillow.com to look at housing sales during 73 U.S. gubernatorial elections in 35 states from 1999 to 2006. They found that in election years, homes sales declined between two-tenths and three-tenths of a percent.
