Market Info • January 29, 2023

Interest Rate Blues?

by Jennifer Knolton

From 1980 to January 2023

Higher interest rates giving you the blues? Interest rates should NOT stop you from buying a home in 2023. If you want to buy a home, you need to look past interest rates. The longer you wait to buy a home, the longer you miss out on building equity and appreciation in your property. You can refinance in the future when rates are lower, but you can’t go back in time and build appreciation. Instead, play the long game and pay attention to how your property is an investment in your future. Want to talk more about interest rates and why it’s an excellent time to buy a home?

Community • January 15, 2023

MLK Day of Service

by Jennifer Knolton

Taking place each year on the third Monday in January, the Martin Luther King, Jr., Day of Service (MLK Day) is the only federal holiday that Congress also designates as a national day of service – a “day on, not a day off.” A federal holiday that began as a commemoration of Dr. King’s birthday, it is now a day dedicated to encouraging and empowering Americans to participate in community service. Everyone can serve their community in some way, whether it be big or small. Not only are you helping others but you will find that it is very rewarding to serve. Dr. King’s famous “I have a dream” speech embodies fulfillment. Spend the “day off” by getting involved and doing for others. You may just find that you will be fulfilled as well.

Market Info • January 1, 2023

Market Forecast 2023

by Jennifer Knolton

In 2022 we saw major shifts in the market. Home Prices: Some experts think home prices will drop next year, though the forecasted decline is higher in the new home market. Moody’s Analytics expects house prices to drop by 10 percent next year due to rising housing costs and mortgage rates. Mortgage Rates: Although there is a lot of uncertainty, some experts think that rates will dip or level out in 2023. Economic Outlook: Fitch Ratings’ most recent global economic outlook predicts a mild recession despite job growth remaining “exceptionally strong” and growing consumer spending. The good news? A recession does not mean that a housing crisis is on its way. If you have plans to buy or sell a home in 2023, call me and we can talk!

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