Year-End Murtaugh Minute: Very Optimistic for a Robust 2024

I am very optimistic for a robust 2024. After months of rising interest rates, the latest news released yesterday by the Feds is very positive.

In case you missed it, yesterday the Fed held its key interest rate steady for the 3rd straight time and set the table for multiple cuts to come in 2024 and beyond, keeping the benchmark overnight borrowing rate in a targeted range between 5.25%-5.5%. Members penciled in at least 3 rate cuts in 2024, after 11 hikes since 2022, assuming quarter percentage point increments, less than market pricing of four, but more aggressive than what officials had previously indicated. (CNBC)

In addition, the stock market is doing very well. This gives both buyers and sellers the confidence to move forward with their Real Estate plans. I’m very excited for what lies ahead in the coming year and extremely grateful for our achievements in 2023.

Wishing everyone a very a wonderful and safe Holiday.  All the best for a Healthy, Prosperous and most Happy New Year.