Monday Market Update: Two Steps In The Right Direction

There are a few certainties in life beyond death & taxes – you cannot time the market and you cannot change it. But you can absolutely stay educated and informed in ways that will help you make the best strategies possible as 2023 draws to a close. Just a few days ago, Realtor.com® shared two statistics that they deemed buyers should be grateful for.

We think gratitude can be focused in many other ways 😉, but this data is important to know for those who own real estate and may wish to move-up or for those entering the market. Here you go…

Two Recent Market Trends

#1: In recent weeks rates have dropped by ½ a percent.

(Sam Khater, Freddie Mac Chief Economist)

#2: Active listings are exceeding last year’s levels; housing starts & permits are climbing month over month.

(Hannah Jones, Realtor.com® Economic Research Analyst)

As we review where real estate has been in 2023 and look forward to what 2024 may hold, we want to encourage you to look at the big picture of where things are today. To find the small glimmers of hope. You can say ‘Rates are not where they were at two years ago…’ or you can reframe that to be ‘Wow, rates are better than they were two weeks ago!’. Sometimes life is all in how you look at it. That may not be enough to change what you do, but maybe just how you feel. You got this!

Best wishes for a great post-Thanksgiving week,

Bobbi 

Bobbi Decker
DRE#00607999

Broker Associate, Bobbi Decker & Associates
650.346.5352 cell
650.577.3127 efax
www.bobbidecker.com
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Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/