MOONDOC MARKET MINUTE 

Hi Everyone!

Wishing you all an incredible holiday season and an even better 2024. As noted in our last newsletter I am staunchly in the camp that believes the FED is done raising interest rates. Many are predicting the FED can lower rates as many as 6 times in 2024. While I would never make that precise or bold of a prediction, I do believe that it's good for the health of the market to have hit the top of rates. Like most of us, the markets crave stability and certainty.

So what do lower rates mean for 2024? I think you see transaction volume go way up as more potential sellers see a more favorable circumstance to part with their homes and the very low interest rates that they had locked in. In most of those instances I believe these sellers are also buyers and you then get a wave of people to the market looking to move up. You also will also get formerly rate restricted buyers who feel like they finally have their chance, come to the market and meet that new inventory.

As we wait for the Fed to officially swing the pendulum in the other direction and declare victory against inflation I think there's a unique opportunity in the market. Smart, opportunistic buyers will be putting together aggressive offers and hammering out deals, amidst far less competition while they still have sellers on the ropes.

As always, buy good properties, in good places, at good prices.

Connect for proper representation.