[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3hsv5k0u1t9b0":3,"$ffeh0925h8cuz":43,"$f2emv3tus0uf1":47,"$fbwk2pqjjqsc7":51},{"item":4,"previous":31,"next":37},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":29,"updatedAt":30},1747,"real-estate-is-a-driving-force-in-the-economy","Real Estate Is a Driving Force in the Economy","As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning, causing many of us to consider buying or selling sooner rather than later. Housing, therefore, has thrived in an otherwise down year.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F03115922\u002F20201104-KCM-Share.jpg","As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning, causing many of us to consider buying or selling sooner rather than later. Housing, therefore, has thrived in an otherwise down year.\u003C!--more-->\r\n\r\nToday’s high buyer demand combined with low housing inventory means we’re seeing home prices \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2020\u002F10\u002F22\u002Fhome-values-projected-to-keep-rising\u002F\">appreciate\u003C\u002Fa> at an above-average pace. This demand is being driven by those who want to take advantage of historically low mortgage rates. According to \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fpmms\u002F\">\u003Cem>Freddie Mac\u003C\u002Fem>\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>\"The record low mortgage rate environment is \u003Cstrong>providing tangible support to the economy at a critical time\u003C\u002Fstrong>, as housing continues to propel growth.\"\u003C\u002Fem>\u003C\u002Fblockquote>\r\nThese factors are driving a positive impact on the economy as a whole. According to the \u003Cem>National Association of Realtors \u003C\u002Fem>(NAR), the real estate industry provided \u003Cstrong>$3.7 billion dollars of economic impact\u003C\u002Fstrong> to the country last year. To break it down, in 2019, the average newly constructed home contributed just \u003Cstrong>over $88,000 per build\u003C\u002Fstrong> to local economies. Across the country, real estate clearly makes a significant impact \u003Cem>(See map below):\u003C\u002Fem>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F20201104-MEM-Eng-1.jpg\">\u003Cimg class=\"aligncenter wp-image-43300\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F20201104-MEM-Eng-1.jpg\" alt=\"Real Estate Is a Driving Force in the Economy | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>In addition, last week, the \u003Ca href=\"https:\u002F\u002Fwww.bea.gov\u002Fnews\u002F2020\u002Fgross-domestic-product-third-quarter-2020-advance-estimate\">\u003Cem>Bureau of Economic Analysis\u003C\u002Fem>\u003C\u002Fa> announced the U.S. Gross Domestic Product increased at an annual rate of 33.1% in the 3\u003Csup>rd\u003C\u002Fsup> quarter of this year, after decreasing by 31.4% in the second quarter. There’s no doubt the growing economy is being fueled in part by the soaring housing market. Experts forecast this housing growth to carry into 2021, continuing to make a big impact on the economy next year as well.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nThe American Dream of homeownership has continued to thrive in the midst of this year’s economic downturn, and “home” has taken on a new meaning for many of us during this time.  Best of all, the housing market is making a significant impact as the economy recovers.","\r\nThe American Dream of homeownership has continued to thrive in the midst of this year’s economic downturn, and “home” has taken on a new meaning for many of us during this time.  Best of all, the housing market is making a significant impact as the economy recovers.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F20201104-MEM-Eng-1.jpg",false,[17,21,25],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},45,"New Construction","new-construction","2020-11-04T10:00:25Z","2020-11-04T11:00:25Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},1746,"rent-vs-buy-how-to-decide-whats-best-for-you","Rent vs. Buy: How to Decide What’s Best for You","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F02123256\u002F20201103-KCM-Share.jpg","2020-11-03T10:00:55Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},1748,"why-the-2021-forecast-doesnt-call-for-a-foreclosure-crisis","Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F04144520\u002F20201105-KCM-Share.jpg","2020-11-05T10:00:52Z",{"cover":44,"open":45,"shareSpread":46},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":48,"open":49,"shareSpread":50},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[52,56,57,58,62,66,70,74,78,82,86,90,94,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155,159],{"id":53,"name":54,"slug":55},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":59,"name":60,"slug":61},7,"Foreclosures","foreclosures",{"id":63,"name":64,"slug":65},8,"Infographics","infographics",{"id":67,"name":68,"slug":69},9,"Home Prices","home-prices",{"id":71,"name":72,"slug":73},11,"First-Time Buyers","first-time-buyers",{"id":75,"name":76,"slug":77},34,"Senior Market","senior-market",{"id":79,"name":80,"slug":81},35,"Mortgage Rates","mortgage-rates",{"id":83,"name":84,"slug":85},38,"Move-Up","move-up",{"id":87,"name":88,"slug":89},41,"For Sale by Owner","for-sale-by-owner",{"id":91,"name":92,"slug":93},42,"Featured","featured",{"id":26,"name":27,"slug":28},{"id":96,"name":97,"slug":98},52,"Luxury \u002F Vacation","luxury--vacation",{"id":100,"name":101,"slug":102},53,"Rent vs. Buy","rent-vs-buy",{"id":104,"name":105,"slug":106},80,"Time-sensitive","time-sensitive",{"id":108,"name":109,"slug":110},81,"Outdated","outdated",{"id":112,"name":113,"slug":114},147,"Internal","internal",{"id":116,"name":117,"slug":118},148,"Do Not Autopost","do-not-autopost",{"id":120,"name":121,"slug":122},320,"Inventory","inventory",{"id":124,"name":125,"slug":126},321,"Agent Value","agent-value",{"id":128,"name":129,"slug":130},322,"Affordability","affordability",{"id":132,"name":133,"slug":134},323,"Buying Tips","buying-tips",{"id":136,"name":137,"slug":138},324,"Downsize","downsize",{"id":140,"name":141,"slug":142},325,"Economy","economy",{"id":144,"name":145,"slug":146},326,"Equity","equity",{"id":148,"name":149,"slug":150},327,"Forecasts","forecasts",{"id":152,"name":153,"slug":154},328,"Selling Tips","selling-tips",{"id":156,"name":157,"slug":158},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":160,"name":161,"slug":162},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]