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3rd Quarter Market Update



Hello,


Last year, our team started doing a “Thankful Pumpkin.” Every day, each member of our team writes something on the pumpkin that they are thankful for.


It’s very uplifting to walk into the office lobby, see the pumpkin there, and as the month goes by, the pumpkin keeps getting fuller and fuller with all of our thoughts of the people, events, and things we are grateful for.


I was thinking this idea would also be fun to do at home as a family because, on Thanksgiving Day, there would be a beautiful decoration that would serve as a reminder of the things and people that the family has been blessed with.


I know from personal experience, that the more grateful I am, the less burdened by the cares of the world I seem to be.

That’s not to say, I don’t have burdens; it’s to say that I am able to cope and manage those burdens better and in a healthier way.


One of my favorite authors and speakers is Jon Gordon and he says, “The research shows you can't be stressed and thankful at the same time. When you are feeling blessed you won't be stressed. Focus on what you’re thankful for today!”


If watching this video has inspired you to participate in the “Thankful Pumpkin” experiment, let me know how you like it.


I’d love to hear about your experience!


Now a little bit about real estate.


I am including the 3rd quarter market statistics for Davis, Weber, Salt Lake, Utah, Tooele, and Box Elder counties. If you would like a copy of these statistics, you may download the .pdf file located at the bottom of this blog post.

As you can see, the market is not dead, people are still buying and selling homes. Days on market are just a little longer than where they were 18 months ago. The economists are projecting lower interest rates next year.


Once the interest rates drop, we will start experiencing multiple offers again. If you are thinking of making a move, DON’T wait.

Buy now while prices are fair and there is little or no competition. Yes, the interest rates are higher than you’d like them to be.


However, you will have purchased your house at a favorable price and then you can simply refinance.


If you wait for the interest rates to drop, you will pay a lot more for your new house and will face competition from all of the other buyers trying to do the same thing. As a result, you may continually get beaten out of multiple bidding wars and to win the bidding war, you will have to pay MUCH more than you will pay today.


In fact, I just spoke with a client who said he always bought his properties this way and always ended up paying less.

If you have any questions about making a move, call me.

I am never too busy for your referrals and will gladly help your family and friends!


Thank you and Have a Heavenly Day!®


Angelina Feichko, Principal Broker

ABR®, ASP, CDPE, CHMS, CNE, CRS, DRS™, GRI, SRS

Bachelor's Degree, Business Administration/Marketing

Sold By An Angel Real Estate®

Mobile: 801-390-8015


Oh by the way…If you know of anyone who would appreciate the level of service we provide, please call me with their name and telephone number and we’ll be happy to follow up and take great care of them!

3rd Quarterly Market Update - 2023
.pdf
Download PDF • 14KB

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