I hope everyone had a great Thanksgiving. As we move to the end of the year all eyes will be on interest rates going into 2024. Most economists agree that we shouldn't see more rate increases and lean toward the possibility of some rate decreases throughout the year. This could open up a lot of the pent up demand from both buyers and sellers. If this happens we could be back in a buying frenzy with multiple offers and bidding wars again as long as inventory stays low. In the past month interest rates have come down slightly and I have already seen a few buyers back in the market.
I hope you and your family have a safe happy holiday season and I will keep you informed as we move into 2024!
See complete market stats below.
--
https://fmls.stats.showingtime.com/infoserv/s-v1/WvpV-6ny
https://fmls.stats.showingtime.com/infoserv/s-v1/Wvp0-7t7
https://fmls.stats.showingtime.com/infoserv/s-v1/Wvpk-222
https://fmls.stats.showingtime.com/infoserv/s-v1/WvpI-059