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The decision by the United Kingdom to leave the European Union (referred to as "Brexit") rocked the world just last week, leaving a great deal of uncertainty in financial markets. However, many experts predicted that this news could actually benefit the U.S. housing market in the short and medium term. With the immediate effects of Brexit in the books, the move has had the expected results of rapidly decreasing interest rates, making homes more affordable for millions of Americans!
If you are able to read this, you've probably heard a great deal in the last few days about "Brexit", the unprecedented vote by the citizens of the United Kingdom to withdraw from the European Union. While the short term effects on the British, and indeed the world, economy have been severely negative, there are potential silver linings to be found in the form of boosts to the U.S. real estate market. Keep reading to learn why several housing experts are predicting American gains thanks to British uncertainty.
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