Report as of December 2022
Based on the latest economic news, all signs point to a bumpy start of the year in 2023.Despite having improvements in inflation, a slight increase in consumer sentiment and healthy unemployment numbers, the housing market and the economy overall at the state and national level still face many challenges. The Federal Reserve raised rates again last week but the recent reprieve on mortgage rates may encourage some buyers to take advantage of the recent shift in the market. However, consumers are still grappling with rising prices and suggest that slower economic growth could be ahead.
Courtesy of California Association of Realtors.
