Philip Dorn, Associate Broker

10/10/2023

10/09/2023

Make Your next Real Estate Sale or Purchase TODAY!

If you are looking to sell or purchase real estate in the next 3 to 5 years, today is the day to do it. Waiting will have buyers paying higher prices and sellers will have to put more of their sales profit into the purchase of their next residence.

A. Interest Rates are ...GOING UP!

Has the Fed Changed Their 2024 Outlook?

A more hawkish Fed. That was the tone of the FOMC, the Federal Open Market Committee, meeting on Wednesday. As expected, the FOMC opted to keep rates unchanged for this month.

However, what caught many by surprise was the Fed's future guidance. Twelve out of the nineteen members projected another rate hike in 2023, while the committee reduced its rate cut projection for 2024. These projections caught markets somewhat off guard resulting in 2-year yields going through 5.15% and 10-year yields up through 4.42, about a 10bps jump on both.

B. Prices are GOING UP!

Fewer homes on the market have created the rising prices in a supply and demand market. New buyers into the market are met with increasing prices which price many first time buyers out of the market.

Where do they go, those first time buyers? They go into the rapidly inflating rental market.

Caught between inflating home costs and increasinng rental costs, what is a buyer to do?

The solution is simple. The discipline you will take is difficult to manage. However, it can be done for your secure financial future.

1. Save your income;
2. Eliminate or reduce your debt;
3. Increase your credit score and
4. Call me today to create the plan that will build wealth through real estate for your future.

09/21/2023

Ellen Zentner, Chief U.S. Economist at Morgan Stanley, discusses her expectations for the Federal Reserve's monetary policy meeting.

09/20/2023

09/19/2023

09/03/2023

Lisa Wright does it again with this fabulous home in the Retreat In Chancellorsville. Walking tails, shopping, I-95, restaurants all only minutes away. This one, as usual for Lisa, won't last long. Text me with the address for more information, today.

Imagine what life would be like residing in one of THE mo...