After Election Market Update - Provided by Movement Mortgage
Posted by Christina Galbreath-Gonzalez on
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How will the outcome of this Presidential election affect housing? The research all points to positives. The Meyers Research group looked at the past 13 election cycles and found an approximate 15% drop in sales activity in the November of a federal election year. But their research notes that “the year after a presidential election is the best of the four-year cycle.” Furthermore, the report states, “This suggests that demand for new housing is not lost because of election uncertainty, rather it gets pushed out to the following year as long as the economy stays on track.”
One piece of the housing puzzle that has been incredibly consistent is interest rates. This week, Freddie Mac reported a twelfth historic low with the average on a 30-year…
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October not only brings along crisp fresh air, but is also a time for spooky decorations and Halloween fun! If your home is on the market, the question on whether or not to go all out with your Halloween decorations usually comes up. Unlike some holidays, Halloween is usually a lot of exterior decor that can be creepy, spooky and sometimes frightening giving your home a haunted look!! Our advice during this holiday is to keep it fun and maybe a little on the minimal side. As potential buyers walk around your home, they may not want to walk through your "graveyard" or large tree spider web. Keep those chilling scenes out of main walkways. Pumpkins and Jack-O-Laterns are always fun especially as it starts to get darker earlier in the evening, just…
Berkshire Hathaway HomeServices Hilton Head Bluffton Realty celebrates another luxury listing sold! 19 Red Cardinal Rd in Sea Pines of Hilton Head Island is one of the most expensive Oceanfront homes sold in the last 10 years on this street! This home was just built in May of 2020 and under contract in less than 30 days.
In November, the Federal Reserve reduced its benchmark rate for the third time this year. This action was widely anticipated by the market. Mortgage rates have remained steady this month and are still down more than 1 percent from last year at this time. Residential new construction activity continues to rise nationally. The U.S. Commerce Department reports that new housing permits rose 5% in October to a new 12-year high of 1.46 million units.
Berkshire Hathaway HomeServices Hilton Head Bluffton Real Estate is excited to welcome Lynn Rogers! Lynn came from a thirty four year career in Information Technolongy and embarked on in a career in Real Estate in 2018 starting at Berkshire Hathaway Home Services New England Properties in historic Mystic, CT. She had the opportunity to show historic homes, and waterfront and waterview properties which prepared her well for her planned move to Hilton Head Island, SC. Now Lynn is living her dream in the Lowcountry, committed to continuing her full time relationship with Berkshire Hathaway Home Services with the Hilton Head Bluffton Realty family. Lynn is excited to meet you and to assist you in the process of buying and selling your home or investment…
