December 12th Market Minutes | 2023
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December 12th Market Minutes | 2023
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SummaryIn this conversation, Seth and Brendan discuss the current market conditions and interest rates. They talk about the inventory and housing market, as well as the economic outlook and concerns about a potential recession. They also touch on inflation and its impact on mortgage rates. The conversation explores the relationship between engagement season and housing demand, and the potential for an uptick in future transactions and inventory. They discuss the seasonality of real estate and the best time to buy a house. The conversation concludes with updates on the Instagram giveaway and the latest developments at Reference Real Estate.Takeaways
- The housing market is experiencing a high demand due to low interest rates and a shortage of inventory.
- There are concerns about a potential recession, but the current economic indicators suggest stability.
- Engagement season can drive housing demand as couples look to form households and purchase homes.
- There is an opportunity for buyers to enter the market now and take advantage of low interest rates.
- Reference Real Estate is actively hiring and recruiting realtors, and they are focused on their mission and core values.
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