[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3do5kcbaktrk5":3,"$ffeh0925h8cuz":50,"$f2emv3tus0uf1":54,"$fbwk2pqjjqsc7":58},{"item":4,"previous":38,"next":44},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":36,"updatedAt":37},1336,"2-trends-helping-keep-housing-affordable","2 Trends Helping Keep Housing Affordable","Two positive trends have started to emerge that impact the 2019 Spring Housing Market. Mortgage interest rates for a 30-year fixed rate loan have dropped to new lows, right as reports show that wages have increased at their highest rate in decades!","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F05\u002F30135918\u002F20190501-Share-KCM.jpg","Two positive trends have started to emerge that impact the 2019 Spring Housing Market. Mortgage interest rates for a 30-year fixed rate loan have dropped to new lows, right as reports show that wages have increased at their highest rate in decades!\u003C!--more-->\r\n\r\nThese two factors have helped keep housing affordable despite low supply of houses for sale driving up prices. \u003Cem>First American’s Chief Economist\u003C\u002Fem>, Mark Fleming, \u003Ca href=\"https:\u002F\u002Fblog.firstam.com\u002Feconomics\u002Ftwo-trends-boost-home-buyer-demand-as-spring-home-buying-season-begins\">explains\u003C\u002Fa> the impact,\r\n\u003Cblockquote>\u003Cem>“Ongoing supply shortages remain the main driver of the performance gap as the housing market continues to face an inventory impasse – \u003Cstrong>you can’t buy what’s not for sale.\u003C\u002Fstrong> \u003C\u002Fem>\r\n\r\n\u003Cem> \u003C\u002Fem>\u003Cem>However, an unexpected affordability surge, driven primarily by lower-than-anticipated mortgage rates, rising wages and favorable demographics, has boosted housing demand.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nMortgage interest rates had been on the rise for most of 2018 before reaching their peak in November at 4.94%. According to \u003Cem>Freddie Mac’s \u003C\u002Fem>\u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fpmms\u002F\">\u003Cem>Primary Mortgage Market Survey\u003C\u002Fem>\u003C\u002Fa>, interest rates last week came in at 4.20%.\r\n\r\nAverage hourly earnings grew at an annual rate of 3.2% in March, up substantially from the 2.3% average pace seen over the last 10 years.\r\n\r\nThese two factors contributed nearly $6,000 worth of additional house-buying power for median households from February to March 2019, according to \u003Cem>First American’s\u003C\u002Fem> research. Fleming is positive about the prolonged impact of lower rates and higher wages.\r\n\u003Cblockquote>\u003Cem>“We expect rising wages and lower mortgage rates to continue through the spring, boosting housing demand and spurring home sales.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nLow mortgage interest rates have kept housing affordable throughout the country. If you plan on purchasing a home this year, act now while rates are still low!\r\n\r\n ","\r\nLow mortgage interest rates have kept housing affordable throughout the country. If you plan on purchasing a home this year, act now while rates are still low!\r\n\r\n ",false,[16,20,24,28,32],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},6,"For Sellers","sellers",{"id":25,"name":26,"slug":27},11,"First-Time Buyers","first-time-buyers",{"id":29,"name":30,"slug":31},35,"Mortgage Rates","mortgage-rates",{"id":33,"name":34,"slug":35},38,"Move-Up","move-up","2019-05-01T10:00:00Z","2019-04-30T14:45:06Z",{"id":39,"slug":40,"title":41,"featuredImage":42,"publishedAt":43,"contentType":10,"isVideo":14},1335,"what-would-make-you-sell-your-house","What Would Make You Sell Your House? 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