Happy early Christmas to everyone! The market is finishing strong and with interest rates dropping, we are gearing up for a busy spring. We have decided to focus 2024 on giving back to our community and I'm super pumped about it. We are starting next month by providing and serving a meal to veteran families and collecting much needed donations for the Fisher House. If you're hoping to make a move over the next year, let's start chatting now so we can set you up for success. Don't miss our Beer & Bourbon tasting next month and our big referral giveaway! Our referral jar will start fresh January 1 so send all your friends and family to the best real estate team in town. We can't wait!

 Warm regards,

~The Real Estate Done Right Team

Economists forecasting a housing market turnaround in 2024.

Inflation still a wild card for the housing market

With the outlook for mortgage rates finally improving, the forecast for housing is looking better heading into the New Year.

Realtor.com economists predict that mortgage rates, which have declined over the past five weeks, will slide into the 6% territory in 2024. Fannie Mae expects mortgage rates to decline gradually over the next two years, reaching 6.9% for the 30-year mortgage by 2025. At the same time, First American economists noted that mortgage rates will hover in the 6.5% to 7.5% range. 

That's good news for the market that recently saw mortgage rates climb close to 8%, but the dip won't be enough to entice existing homeowners with sub-5% mortgages back into the fray. This will continue to complicate supply availability and will remain a challenge as the market heads into the New Year, according to Realtor.com Chief Economist Danielle Hale.

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Holiday Recipe- Simple & Classic Appetizer

NOVEMBER MARKET REPORTS

MLS (Multiple Listing Services) have tracked statistics in a variety of formats since the beginning of the MLS. Check out the monthly market report for your area by clicking below.

 

  • Milwaukee County

  • Ozaukee County

  • Racine County

  • Washington County

  • Waukesha County

DECEMBER BUSINESS HIGHLIGHT!

This month we're featuring Explorium Brewpub. We will be hosting our exclusive annual Beer & Bourbon event this coming January there and are looking forward to all of you attending. With the holiday season here, please think of Explorium if you're looking for somewhere to celebrate with friends or family. They have two great locations in both the Third Ward Milwaukee and Greendale.

 

143 W. Saint Paul Ave 5300 S . 76th St

Milwaukee, WI Greendale, WI

(414) 423-1365 (414) 423-1365

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17345 W Bluemound Rd, Brookfield, WI 53045, USA
414.699.6676

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