Economy – Heart and Homes

What’s the Impact of Presidential Elections on the Housing Market?

Economy, For Buyers, For Sellers, Home Prices, Inventory, Mortgage Rates / By hhh2022

It’s no surprise that the upcoming Presidential election might have you speculating about what’s ahead. And those unanswered thoughts can quickly spiral, causing fear and uncertainty to swirl through your mind. So, if you’ve been considering buying or selling a home this year, you’re probably curious about what the election might mean for the housing …

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Today’s Biggest Housing Market Myths

Buying Tips, Economy, For Buyers, Mortgage Rates / By hhh2022

Have you ever heard the phrase: don’t believe everything you hear? That’s especially true if you’re thinking about buying or selling a home in today’s housing market. There’s a lot of misinformation out there. And right now, making sure you have someone you can go to for trustworthy information is extra important. If you partner …

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The Great Wealth Transfer: A New Era of Opportunity

Affordability, Economy / By hhh2022

In recent years, there’s been a significant shift in how wealth is distributed among generations. It’s called the Great Wealth Transfer. Historically, the transfer of wealth from one generation to the next was a more gradual process, often limited to smaller amounts of inheritance or family savings. But today, the scale has increased in a …

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Is Affordability Starting To Improve?

Affordability, Economy, For Buyers, Home Prices, Mortgage Rates / By hhh2022

Over the past couple of years, a lot of people have had a hard time buying a home. And while affordability is still tight, there are signs it’s getting a little better and might keep improving throughout the rest of the year. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says: “Housing …

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Mortgage Rates Down a Full Percent from Recent High

Affordability, Economy, For Buyers, Mortgage Rates / By hhh2022

Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability. And if you’re someone who’s looking to make a move, you’ve probably been waiting eagerly for rates to come down for that very reason. Well, if the past few weeks are any indication, you may …

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How the Economy Impacts Mortgage Rates

Economy, For Buyers, For Sellers, Mortgage Rates / By hhh2022

As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what’s ahead. One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While the Federal Reserve (the Fed) doesn’t …

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How Do Presidential Elections Impact the Housing Market?

Economy, Home Prices, Infographics, Mortgage Rates / By hhh2022

Some Highlights Are you wondering if the upcoming election will have an impact on the housing market? Here’s what history tells us you need to know if you’re considering a move. Data shows home sales slow in November but quickly bounce back and rise the following year. Prices usually keep climbing. And mortgage rates typically …

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Not a Crash: 3 Graphs That Show How Today’s Inventory Differs from 2008

Economy, Foreclosures, Inventory / By hhh2022

Even if you didn’t own a home at the time, you probably remember the housing crisis in 2008. That crash impacted the lives of countless people, and many now live with the worry that something like that could happen again. But rest easy, because things are different than they were back then. As Business Insider …

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Focus on Time in the Market, Not Timing the Market

Economy, For Buyers, Home Prices / By hhh2022

Should you buy a home now or should you wait? That’s a big question on many people’s minds today. And while what timing is right for you will depend on a lot of other personal factors, here’s something you may not have considered. If you’re able to buy at today’s rates and prices, it may …

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Worried About Mortgage Rates? Control the Controllables

Buying Tips, Economy, Mortgage Rates / By hhh2022

Chances are you’re hearing a lot about mortgage rates right now. You may even see some headlines talking about last week’s Federal Reserve (the Fed) meeting and what it means for rates. But the Fed doesn’t determine mortgage rates, even if the headlines make it sound like they do. The truth is, mortgage rates are …

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