{"id":2312,"date":"2019-06-12T05:00:02","date_gmt":"2019-06-12T10:00:02","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/3-things-to-know-in-the-housing-market-today\/"},"modified":"2019-06-12T05:00:02","modified_gmt":"2019-06-12T10:00:02","slug":"3-things-to-know-in-the-housing-market-today","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/3-things-to-know-in-the-housing-market-today\/","title":{"rendered":"3 Things to Know in the Housing Market Today!"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2019\/06\/10172033\/201906012-Share-KCM-549x300.jpg?w=358&#038;ssl=1\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"3 Things to Know in the Housing Market Today! | Simplifying The Market\" style=\"margin-bottom: 5px;clear:both;max-width: 100%\" \/><\/p>\n<p>A lot is happening in the world, and it\u2019s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don\u2019t know yet.<\/p>\n<p><span id=\"more-39933\"><\/span><\/p>\n<p>The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown.<\/p>\n<h4><strong>1. Interest Rates<\/strong><\/h4>\n<p>One of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money. In our <a href=\"https:\/\/www.simplifyingthemarket.com\/2019\/04\/17\/are-low-interest-rates-here-to-stay\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">recent post<\/a> we posed the question, <em>\u201cAre Low Interest Rates Here To Stay?\u201d<\/em> The latest information from <a href=\"http:\/\/www.freddiemac.com\/pmms\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Freddie Mac<\/a> makes it appear they are. We are currently at a 21-month low in interest rates.<a href=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2019\/06\/10173006\/20190612-MEM-2.jpg?ssl=1\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-40130\" src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2019\/06\/10173006\/20190612-MEM-2.jpg?resize=650%2C488&#038;ssl=1\" alt=\"3 Things to Know in the Housing Market Today! | Simplifying The Market\" width=\"650\" height=\"488\" \/><\/a><\/p>\n<h4><strong>2. <\/strong><strong>Building Materials<\/strong><\/h4>\n<p>Talk of tariffs could also affect the housing market. According to a <a href=\"https:\/\/www.foxbusiness.com\/personal-finance\/homebuyers-china-tariffs\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">recent article<\/a>, the <em>National Association of Home Builders <\/em>reports that as much as $10 billion in goods imported from China are used in homebuilding. Depending on the outcome of the tariff and trade discussions between several countries, there could be as much as a 25% boost in the cost of building materials.<\/p>\n<h4><strong>3. <\/strong><strong>Economic Slowdown<\/strong><\/h4>\n<p>In a prior <a href=\"https:\/\/www.simplifyingthemarket.com\/2019\/03\/07\/why-an-economic-slowdown-will-not-crush-real-estate-this-time\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">blog post<\/a> on this topic, we began the year with many economic leaders thinking we could expect a recession in late 2019 or early 2020. As spring approached, we <a href=\"https:\/\/www.simplifyingthemarket.com\/2019\/05\/09\/mainstream-concerns-about-an-economic-slowdown-revisited\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">reported<\/a> that economists had started to push that projection past 2020.\u00a0 Now, three leading surveys indicate that it may begin in the next eighteen months.<a href=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2019\/06\/10172925\/20190612-MEM-1.jpg?ssl=1\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-40129\" src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2019\/06\/10172925\/20190612-MEM-1.jpg?resize=650%2C488&#038;ssl=1\" alt=\"3 Things to Know in the Housing Market Today! | Simplifying The Market\" width=\"650\" height=\"488\" \/><\/a><\/p>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>We are in a strong housing market. Wages are increasing, home prices are appreciating, and mortgage rates are the lowest they have been in 21 months.\u00a0 Whether you are thinking of buying or selling, it\u2019s a great time to be in the market.<\/p>\n<p>Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A lot is happening in the world, and it\u2019s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don\u2019t know yet. The following three areas of the housing market are critical to understand: interest rates, building materials, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2313,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-2312","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>3 Things to Know in the Housing Market Today!&#8212;NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/3-things-to-know-in-the-housing-market-today\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Things to Know in the Housing Market Today!&#8212;NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"A lot is happening in the world, and it\u2019s having a direct impact on the housing market. 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