November Reno/Sparks Real Estate Market Update
November 2023 Market Update
We are almost closing out the year of 2023. Yet, there are still many uncertainties about our economy and local market. Buyers, sellers, and real estate professional, we all have so many questions: Where are we head in 2024? Is it a good time to sell? Are we going to have a recession in 2024? Is interest rate going to drop? ...
Yesterday, December 13, Fed announced they plan to keep the interest rate at where it is. This is a good indication that the Fed has confidence in inflation control. However, Fed has expressed that they would like to have the inflation rate at around 2%. With the current inflation rate at 3.14%, there is the possiblility the Fed will raise the rate again, if it doesn't continue to drop.
With everyone eyeing where the economy is going next year, many economists predicted the interest rate will lower to be around 5.5% by May of 2024.
⭐️ Your home SOLD GUARANTEED or I’ll buy it! ⭐️ 775-815-8395
⭐️According to the Real Estate Board statistics, our homes on average sell for 3.4% more money than the typical sales. For a $500,000 home, that's $17,000 more in your pocket.
Go Serve Big! Xuning Endicott
✏️ November Market Update ✏️
✏️ Our market updates on local real estate stats for Northern Nevada. If you are considering buying or selling, come and get your housing market info here!
✏️ Can’t find info on your favorite neighborhood? Message or text me 📱 775-815-8395
For exclusive access to unlisted and off market properties, call ☎️ or text 📱me, 775-815-8395. Or message me directly. Love the home you buy or I’ll sell it for FREE!
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