February 2023 Newsletter Introduction

Valentine’s Day is upon us and a month have already passed since we kicked off 2023. Have you managed to fulfill your new years resolution or is that concept is completely irrelevant in this day and age? I have gotten a boost of motivation to focus on doing something more interesting by being invited to a podcast to talk about my journey as a realtor.  It was nerve wrecking and fun at the same time.  

As for the market – after that final interest hike back in January, and Lunar New year have passed there has been a surge of activity where buyers are entering into the market and ready to start looking again. The 3 day recession period that took affect won’t be in much use at the moment since the market has become a lull due to the interest hike. However, this implementation is a good way to think ahead when the time comes when it is needed during a heated market. Although the interest rates have gone down slightly, but it’s still ways away from being the 0% rates we had seen and experience a couple years ago. So the chances of the market being relatively hot will be slim as the economy as a whole is at a lull due to the high inflation costs. 

– Sam