The N.C. housing market favors Democratic incumbent Sen. Kay Hagan in the upcoming election, according to RealtyTrac.
The California-based supplier of real estate data says that unemployment is down in the state’s three largest real estate markets – Mecklenburg, Wake and Guilford counties. In addition, the percentage of homeowners underwater in the three counties is below the national average, thanks in part to rising home prices from two years ago.
Hagan is in a dogfight against Republican N.C. House Speaker Thom Tillis.
“Tillis is the face of an unpopular legislature, but neither Obama nor Hagan is particularly popular in the state either,” the company says. RealtyTrac cites a Sept. 28 CNN/ORC International poll that gives Hagan a three-point lead over Tillis, with the incumbent ahead by a 46 to 43 margin.