Watch the original video: IS THE HOUSING MARKET STILL FROZEN? #realestate
The Federal Reserve May Not be Cutting Rates
Since the end of January, the Fed has been talking about lowering rates, and we’re hoping for the first reduction since 2022 this March. However, they’ve just said the data may not let them lower rates as much as we were hoping. They’re concerned about a double dip inflationary period, where if rates are dropped too fast, inflation will just bounce back to where it was before.
Redding Expected to be the Most Appreciating City in the Country
This is obviously great news for any of us in Redding, but it raises some concerns for prospecting home buyers. With rates rising and prices staying stubborn over the past couple of years, there’s been a lot of people waiting to enter the market. Combine this with the rising prices of the most appreciating city in America, and it’s easy to see how you can get outpaced by the market.
The Cost of Energy is Out of Control
In northern California PG&E just raised their prices %22, and it’s only going to go up from there. Thankfully, the government is stepping in and offering multiple paths for homeowners to increase their energy independence, and sidestep the monopoly on electricity. If you’re curious about any of these options, from solar and battery banks to entirely new roofs, get in touch with me and I’ll be happy to walk you through the process.
Reach Out.
If there is anything I can do for you or if you would like more information about the current market, please feel free to contact me. Stay tuned for more updates, and I hope you have a great February. Talk to you soon.