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Healthier Market Ahead for Homebuyers [INFOGRAPHIC]

March 14, 2019

 

Home Affordability Improves

 

The impact of Brexit on world economics is expected to be felt even in the U.S., including in the housing market.

 

Data suggests that Soft- to No-Brexit scenarios are little cause for concern, while a Hard Brexit or No Deal could impact employment and homebuyer confidence, which may negatively impact homebuying.

 

 

No Brexit  = UK remains a part of the EU

Customs Union = Brexit with Prime Minister Theresa May’s originally-proposed deal

Soft Brexit = UK keeps close ties with EU; soft border between Ireland and Northern Ireland 

Hard Brexit = UK leaves EU, Single Market, and Customs Union; hard border between Ireland and Northern Ireland

No Deal = UK reverts to trade rules governed by World Trade Organization; hard border between Ireland and Northern Ireland

 

Millennials Are Refinancing Already?[4]

 

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Sources:

[1] CoreLogic, a data and analytics company, Home Price Insights report, January 2019.

[2] Fannie Mae Economic & Strategic Research Group, February 2019 Economic Outlook.

[3] Realtor.com® “Brexit Impact on the US Economy and Housing Markets,” February 2019.

[4] Ellie Mae® Millennial Tracker, January 2019.

 

 

 

 

 

 

 

 

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