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home pricesGOBankingRates
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75% Informative
As of the second quarter of 2024 , the average sales price of homes in the U.S. was $ 501,700 , according to Federal Reserve data.
Joseph Favorito and Daniel Cabrera say the presidential election will have little impact on the housing market.
The president can’t directly control mortgage interest rates, but the Federal Reserve sets the effective funds rate.
If rates do drop, housing prices may go up as well, so homes wouldn’t necessarily be more affordable.
The national unemployment rate stood at around 4.3% as of July 2024 .
During the Great Recession , it went up to about 10% during the height of the COVID-19 pandemic.
VR Score
79
Informative language
81
Neutral language
73
Article tone
informal
Language
English
Language complexity
47
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
15
Source diversity
4
Affiliate links
no affiliate links