Monthly Spotlight - January 2023
Best wishes for a happy start to 2023! A review of 2022 shows a tale of two markets, as talks of rising interest rates and inflation stole the headlines for much of the year.
We began 2022 with 30-year mortgage rates just above 3%. Rates peaked around 7% in early November, and ended the year at 6.5%. There's optimism that rates will return to the mid-5%'s later this year.
Markets go up, and markets make adjustments. But in the midst of an ever-changing real estate landscape, this quote from Ray Brown always holds true: "The best time to buy a house is always five years ago!"
There's opportunities to look forward to 2023, and we're here to help guide you through your home ownership decisions.
Take a look at our year-end local market summaries and let's connect to discuss how the trends impact your real estate plans in the days ahead. Please also enjoy these timely home and lifestyle-related articles and video content. This month we're talking packing fragile dishes for a move, setting goals, and retaining your home's value. Hopefully it's news you can use or pass on to a friend.
A Local Perspective
The housing activity for 2022 compared 2021
How to Retain Your Home's Value
A house can depreciate, or lose value, for a variety of reasons. Here are some things to consider.
Information comes at us from every angle, but how do you know what is good and what is bad? Look to the experts when it comes to home buying and selling. As a Patterson-Schwartz Sales Associate, I combine the resources of the area's leading residential real estate company with my personal business expertise. I look forward to the opportunity to put my skills to work for you.