CNBC's Diana Olick reports on the different directions housing policy may move under each of the presidential candidates:

For an election supposedly based on the economy, housing policy has been not just conspicuously but egregiously absent from the rhetoric.

In order to gauge which candidate would favor the U.S. housing market, one has to look at their wider economic policies and see how they would trickle down to housing.

"What we've really gotten is more directional conversation: One party talking about affordable housing, the other party talking about deregulating a financial market that seems to have largely seized up," said Rick Sharga, executive vice president of Ten-X, an online real estate marketplace for investors. "It would have been nice to see a more holistic view that talks about issues."

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