December 2023

Happy New Year! Below are a few thoughts from the experts about the 2024 market. Interest rates are likely to drop. The Mortgage Banker Association predicts that rates will drop steadily throughout the year. We are not likely to see an increase in the number of houses for sale. “With many homeowners “locked in” at low-interest rates or unwilling to sell due to high home prices, demand continues to outpace housing supply - and likely will for a while.” - Fortune Magazine. The result could be higher prices. “Rapidly falling rates could create a surge of demand that wipes away any inventory gains, causing home prices to rebound.” - Fortune. This winter provided a unique opportunity for homebuyers to take advantage of lower rates and seasonally high inventory. Prepare for the “Super Bowl Effect” on the Alameda Real Estate market after February 11th when things heat up. We have a long list of well qualified home buyers that have been waiting for the right house to come on market. If 2024 is the year of making a real estate move, the Guy Blume Group would be honored to serve you. If you’re looking for a simple conversation about “what if”, please call or text me today on my personal mobile line at 510-846-4687.