Happy New Year! I hope you all had a festive and wonderful holiday season. As January 2nd is upon us, it’s time to start planning for the year ahead. With that, I want to touch on a few financial and real estate topics that may be beneficial to everyone.
In the beginning of December, all the talk was about increasing interest rates, home prices declining and inventories rising. Now in the beginning of January, things are looking a little different. How is that possible? The Fed increased the benchmark interest rate .25% in December, it’s the holiday season where there tends to be less home buyers and even less sellers and we are going into winter when it’s typically slow. The easiest way to explain this is to look outside.
While the decent winter weather can account for more people buying and selling homes, that has nothing to do with…
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Good Morning Gloucester 