Federal Open Market Committee (FOMC) – Click this link for clearer read.
The latest insights from the recent Federal Open Market Committee (FOMC) meeting suggest that now is a prime time to consider entering into the real estate market.
Here’s are the reasons why:
1) Interest rates have remained stable, with indications of a more measured approach to future rate hikes.
2) Projections for rate cuts in 2024 have decreased, implying a stable economic and employment outlook.
3) The economic outlook is optimistic, enhancing the potential for property appreciation.
I believe this presents an opportunity for buyers to make the smart move now, once the interest rates starts to adjust downwards in Q1/Q2 2024, we will be expecting demand surge from buyers who were previously sitting on the sidelines.
And likewise homes sellers likewise will adjust their prices upwards accordingly.