# Real Estate Watches Election Day

> Real estate bets $229 million on Election Day outcomes across key states.
- Title: Real Estate Watches Election Day · The Real Deal | Shortify
- Summary: Real estate bets $229 million on Election Day outcomes across key states. Real estate groups are spending $229 million to influence midterms, with major…
- Keywords: election day, real estate, california, new york, texas, florida, midterms, real estate political action committee, housing policy, property tax, business, Real
- Source: The Real Deal — https://therealdeal.com/national/2026/11/02/real-estates-election-day-watchlist
- Author: Mike Romano
- Published: 2026-11-02T18:59:23+00:00
- Read time: 1 min
- Topics: election day, real estate, california, new york, texas, florida, midterms, real estate political action committee, housing policy, property tax, business
## Election Day Stakes
Real estate has nearly $229 million riding on Election Day outcomes.
## California Political Map
California real estate supports Democrat Xavier Becerra with $39,200 from the California Real Estate Political Action Committee.
## Los Angeles Council Race
Jose Ugarte, endorsed by Greater Los Angeles Realtors Association, emphasizes housing production against tenant advocate Estuardo Mazariegos.
## New York Real Estate Shifts
New York real estate donors backed Governor Kathy Hochul and Republican Bruce Blakeman despite policy disagreements.
## Texas Political Realignment
Texas real estate donors support Republican Ken Paxton over Democratic James Talarico with $1.4 million versus $272,000.
## Florida Property Tax Measure
Florida voters decide statewide property tax measures and hyperlocal public land development rules.
## Real Estate's Midterm Strategy
Real estate groups are spending $229 million to influence midterms across key states.
## Other Real Estate News
Alexander brothers sentenced to 30 years, E11even developer fires anti-Muslim email, and Florida condo loans hit record.
## Real Estate's Political Impact
Real estate's $229 million midterm spending highlights its growing influence in state policy decisions.
## Key takeaway

Real estate groups are spending $229 million to influence midterms, with major stakes in California, New York, Texas and Florida.