BERKSHIRE HATHAWAY HOME SERVICES COLORADO PROPERTIES New Listing! QUATE CREEK RANCH $274300 TB06260 Road 312 Acres 1 Fantastic Views Linda Stel 970.417-8082 MONTROSE $509.000 2395 W Fox Park Street & Bed 13 Bath 11822 Thott ARE THE TOP 3 HOUSING MARKET QUESTIONS ON YOUR MIND? When it comes to what's happening in the housing market there's a lot of confusion gong around right now. You may hear one thing in conversation with your trends see something totally different on the news and read something on social media that contradicts both of those thoughts and you're thinking about making a move that can leave you with a lot of ingering questions. That's where a trusted local real estate agent comes n 1. WHAT'S NEXT FOR MORTGAGE RATES? Mortgage r rates are higher than they've been in recent years And if you're looking to buy a home that impacts how much you can afford That's why so many buyers want to know what's ahead for montgage rates. The answer to that question is no one cani say for certain but here's what we know based on historical trends There's long-standing relationship between mortgage rates and nation Basically, when inflation is high mortgage rates tend to follow sut Over the past year, infation was up so mortgage rates were as wet. But ination as easing now And the is why the Federal Reserve has recently paused ther federal funds ratekes, which means many expertsbeleve mortgage rates will begin to come down And in some ways, we've started to see hints of sightly lower mortgage rates in recent weeks. But it's certainly been volatile and willikely continue to be that way gong nto next year. Some ongoing variation is to be expected but the antications that in 2024 we see a downward thend As Aziz Sunder Strateg at Home Economics says bhhsco.com The bottom ine is that interest rates are likely to be lower perhaps even lower than many optimists think-in the weeks and months to come CONNECTING MOUNTAIN LOVERS WITH MOUNTAIN HOMES IN COLORADO SINCE 1971 MONTROSE $349.000 tot 34 Industrial Drive 127 Acres) Zoned-2 General industrial Don Bailey 970 209.8251 MONTROSE $1,300.000 Here are the top 3 questions people are asking about today's few years, there's good news on that front housing market and the data to help anthem 19700 6575 Road Sed & Bath15.452 sqft The Unten Team 970 3:09.99676.970.606.6740 2. WHERE ARE HOME PRICES HEADED? While there's been a lot of concern prices would come crashing down this year, data shows that don't happen in fact home prices are nang in most of the nation Experts say that trend will continue just at a slower pace that's much more normal for the housing market and that's a good thing To hepshow just how confident experts are in this continued appreciation take a look at the Home Price Expectation Survey from Puseromics i a survey of a national panel of over 100 economists real estate experts and investment and market strategits The concerous is that prices will keep cimbr next year, and in the years to come 3. IS A RECESSION AROUND THE CORNER? Wherecession tak nas been a common thing over the past bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond! The Wall Street Journal (WSO) pols experts on this topc regularly And last year at this time most of them thought a recession would have happened by now But as experts lookat all the leading indicators today, they're changing their minds and saying a recession is getting less and lessly. The latest results show that more experts now think were not headed for another recession This is big news for the housing market And while the to 52% spit may seen close to half and hat, the key thing to t focus on is that the majority of these experts think we've avoided a recessionaeady BOTTOMLINE The big way? The data shows there isn't cause for concern there are actually more signs of nope Let's connect to tak more about the housing market questions on your mind as we head into the new year if you want sound advice and trusted NEEDA Information about our local housing TRUE EXPERT? market, let's connect Call one of our trusted real estate brokers Trena Unrein, Brian Unrein, Autumn Barrett, Don Bailey Jeff Keetfuss, Kree Cristie, Linda Stel Makaya Cervone, Michael Scott Dosch, Heidi Lutr. Mend Sepahi, and Donna Justin BERKSHIRE HATHAWAY HOME SERVICES COLORADO PROPERTIES New Listing ! QUATE CREEK RANCH $ 274300 TB06260 Road 312 Acres 1 Fantastic Views Linda Stel 970.417-8082 MONTROSE $ 509.000 2395 W Fox Park Street & Bed 13 Bath 11822 Thott ARE THE TOP 3 HOUSING MARKET QUESTIONS ON YOUR MIND ? When it comes to what's happening in the housing market there's a lot of confusion gong around right now . You may hear one thing in conversation with your trends see something totally different on the news and read something on social media that contradicts both of those thoughts and you're thinking about making a move that can leave you with a lot of ingering questions . That's where a trusted local real estate agent comes n 1. WHAT'S NEXT FOR MORTGAGE RATES ? Mortgage r rates are higher than they've been in recent years And if you're looking to buy a home that impacts how much you can afford That's why so many buyers want to know what's ahead for montgage rates . The answer to that question is no one cani say for certain but here's what we know based on historical trends There's long - standing relationship between mortgage rates and nation Basically , when inflation is high mortgage rates tend to follow sut Over the past year , infation was up so mortgage rates were as wet . But ination as easing now And the is why the Federal Reserve has recently paused ther federal funds ratekes , which means many expertsbeleve mortgage rates will begin to come down And in some ways , we've started to see hints of sightly lower mortgage rates in recent weeks . But it's certainly been volatile and willikely continue to be that way gong nto next year . Some ongoing variation is to be expected but the antications that in 2024 we see a downward thend As Aziz Sunder Strateg at Home Economics says bhhsco.com The bottom ine is that interest rates are likely to be lower perhaps even lower than many optimists think - in the weeks and months to come CONNECTING MOUNTAIN LOVERS WITH MOUNTAIN HOMES IN COLORADO SINCE 1971 MONTROSE $ 349.000 tot 34 Industrial Drive 127 Acres ) Zoned - 2 General industrial Don Bailey 970 209.8251 MONTROSE $ 1,300.000 Here are the top 3 questions people are asking about today's few years , there's good news on that front housing market and the data to help anthem 19700 6575 Road Sed & Bath15.452 sqft The Unten Team 970 3 : 09.99676.970.606.6740 2. WHERE ARE HOME PRICES HEADED ? While there's been a lot of concern prices would come crashing down this year , data shows that don't happen in fact home prices are nang in most of the nation Experts say that trend will continue just at a slower pace that's much more normal for the housing market and that's a good thing To hepshow just how confident experts are in this continued appreciation take a look at the Home Price Expectation Survey from Puseromics i a survey of a national panel of over 100 economists real estate experts and investment and market strategits The concerous is that prices will keep cimbr next year , and in the years to come 3. IS A RECESSION AROUND THE CORNER ? Wherecession tak nas been a common thing over the past bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond ! The Wall Street Journal ( WSO ) pols experts on this topc regularly And last year at this time most of them thought a recession would have happened by now But as experts lookat all the leading indicators today , they're changing their minds and saying a recession is getting less and lessly . The latest results show that more experts now think were not headed for another recession This is big news for the housing market And while the to 52 % spit may seen close to half and hat , the key thing to t focus on is that the majority of these experts think we've avoided a recessionaeady BOTTOMLINE The big way ? The data shows there isn't cause for concern there are actually more signs of nope Let's connect to tak more about the housing market questions on your mind as we head into the new year if you want sound advice and trusted NEEDA Information about our local housing TRUE EXPERT ? market , let's connect Call one of our trusted real estate brokers Trena Unrein , Brian Unrein , Autumn Barrett , Don Bailey Jeff Keetfuss , Kree Cristie , Linda Stel Makaya Cervone , Michael Scott Dosch , Heidi Lutr . Mend Sepahi , and Donna Justin