Positive News for Buyers and the Real Estate Market as a Whole
Posted by Leslie Kopp & Christi Arndt on Wednesday, December 20th, 2023 at 12:36pm
Update:
Goldman Sachs announced that the world economy has entered a period of "great disinflation" that will enable policyholders to start cutting costs for borrowers in the beginning of this year. This news comes just after the US inflation rate slowed to 3.1% last month. The Federal Reserve has stated we are likely to experience 5 rate cuts in 2024. Jan Hatzius wrote "global inflation continues to plummet… we therefore now see earlier and more aggressive rate cuts from several major developed market central banks," in a research note seen by Business Insider. What is still in question is the suitable time to begin amending the amount of policy restraint currently in place.
If you are exploring the possibility of purchasing Bethany Beach real estate or a beach home on the Delaware Coast, this is good news. Please contact our office when you are ready to speak with one of our Bethany Beach Realtors (302) 541-5207.
The Federal Reserve held its key interest rate steady for the third time straight time on Wednesday, December 13, 2023 and they suggested that there could be as many as three rate cuts for this upcoming year. They also voted unanimously to keep the overnight borrowing rate in a range between 5.25% and 5.5%. While this decision to keep rates steady did not come as a surprise, the markets rose on the day as U.S. equities closed not far from all-time high! In the real estate market, this was exceptional news for home buyers and the decision has already had a positive impact on the reduction of mortgage rates. We were already optimistic about the year ahead for beach real estate, and this news has strengthened our optimism for 2024! If you would like to discuss purchasing a property in Bethany Beach and the surrounding areas, please contact our office to speak with our highly qualified Bethany Beach realtors.
Leave A Comment