As of Dec 13, with no movement on rates, the Feds indicated at their final meeting for the year that they anticipate cutting short-term rates three times by the end of next year. This, of course, depends on continuing reduction in inflation.

I also saw a 12/13 rate sheet from one mortgage company indicating a 6.5% loan rate for 30-year fixed with 20% down.

And, refinances are on the rise after a long draught in that segment of the mortgage market. So, things are heating up! I think we’ll see a lot of new inventory come on the market after January 1. In spite of prices holding pretty well – and even increasing going forward – the real estate market should be robust in 2024 – certainly compared to 2023.

Any thoughts of buying or selling in the Lake Tahoe region, please give me a call at 530-582-0722 or email me at twatson@chaseinternational.com.