Two Big Housing Risks Investors Are Ignoring

We've noticed a lot of investors getting positive on housing recently. In fact, housing is cited as the driver for the UBS economic team's rosy 2012 forecast. While we don't dispute that recent economic data has been better than feared, we take significant exception to the idea that housing is poised for smooth sailing. Here we present two risk factors looming large in our outlook but virtually unnoticed among investors: the 2012 election and the prospect for significant disruption to the current housing finance system.