Thursday, January 5, 2023

HAPPY NEW YEAR 2023 !! 

Well, we're off to a "blustery" start of the New Year with rain, winds, flooding and trees down.  Maybe this was meant to be a time to sit back, relax and re-evaluate what we're going to do in 2023 to make it a great year.  Some individual agents are posting they had 40-50 transactions and it was a fabulous year for them and their clients.....and other agents are posting that it was their worst year ever.  So we've got the good and the bad and everything in between!   What we're sure of though,  is that home values in our area have diminished a little....8% ish......and interest rates have inched up there a bit...now into the 6-7% range.  But people are always buying or selling for one reason or another.  Job transfer, need a bigger or smaller home,  divorce, mom or dad moving into a senior residence.....????  so people always seem to have  a reason to buy or sell.  And real estate has "always" proved to be a great investment.  Oh yes,  we've had a couple of times in the past 40 years where interest rates were at 17% (I remember it vividly when I first started in the business)  then again when we were deluged with short sales when the market went into the *&$$&*......remember?  There were many reasons for that but I'll go out on a limb and say it's highly unlikely that will happen again in the near future.  Some folks buy homes for "investment" purposes only, then flip them.  Most people though,  buy their homes to raise their family and want to "stay awhile" unless their family circumstances change.   I think 2023 is going to be a great year,  so whether you're looking to sell your home or buy another one, call me.  I'd love to help you....we'll find just the perfect house for you! (916)  768-3157

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