January Newsletter
2024 Market Forecast
Is 6.5% the New 3%?
In response to last month's reduction in interest rates to 6.5-6.75%, we are witnessing the emergence of what appears to be an early spring market. Many individuals who had postponed their plans to make a move last year, influenced by the 8% interest rates, are now realizing that accepting a 6.5% rate is worthwhile in exchange for a home better suited to their needs. Lawrence Yun, Chief Economist of the National Association of Realtors, predicts that mortgage loan interest rates could remain steady in the 6% range throughout 2024.
As a result, consumers who had wanted to buy last year but refrained are now entering the market with full force at the beginning of this year. This pent-up demand is leading to numerous bidding wars in an already low-supply market. The prevailing buyer sentiment is that the spring/summer market will present even more challenges as additional buyers enter the market, intensifying competition for homes and causing further increases in home prices.
Despite inventory levels remaining extremely low in DuPage County (1.1 month supply – see graph), it appears that more sellers are recognizing that it's a favorable time to sell. I am consistently observing a growing influx of new listings. The key on the buying side is to be prepared – ensure that all your financial aspects are in order before you commence your search. Waiting to find the house first and then scrambling for a plan may prove either too late or psychologically rushed to make a competitive offer. Currently, I am observing bidding wars with zero contingencies and prices exceeding the asking price by $75,000. Feel free to reach out if you have any questions about this early spring market.
2023 Recap Video
Reflecting on a year of dreams realized and keys handed over - 2023 was a journey of uncovering homes in a tight inventory supply, client connections, getting to know businesses in my community, with many bloopers experienced along the way. In 2023 I assisted 18 families in buying/selling homes, totaling $12.1M of real estate sold. I’m stepping into 2024 with a clear vision and ambitious goals. I aim to elevate your real estate experience, from finding the perfect home to maximizing your return on investment. Here’s to unlocking new doors, building lasting connections, and making every home journey a success. 🏠 ⭐️
Paint Color of the Year 2024
In the ever-evolving world of design, colors play a pivotal role in shaping our preferences, influencing our choices, and defining the mood of the year ahead. As we step into 2024, a fresh canvas of possibilities unfolds, and with it, a new spectrum of hues, shades, and tones emerge to inspire and captivate us. It's that time of year when we eagerly anticipate the unveiling of the color trends that will dominate the world of fashion, interior decor, and graphic design.
The color landscape for interior design in 2024 is full of stunning paint shades that are full of personality. Take a look at the trending paint colors from a few brands below. Click on the photos below to explore each color more and see how to incorporate it in your home.
Wheaton Wednesday
New Episode | Prairie Path Books
Prairie Path Books celebrated their 10-year anniversary this past summer and moved into this new location just the other day. For over a decade they have been providing their customers with a wide selection of hand-picked books. From bestsellers to hidden gems, their carefully curated collection spans across genres. Whether you’re into fiction, non-fiction, mystery, or romance, there’s a book waiting for you on their shelves. The owner has read all the books in the store and is happy to guide you on your reading journey.
They host many events, such as author visits, book review parties, book clubs and more. Don’t miss their upcoming event on January 28th - Champagne 🥂 and Snowflakes ❄️ Book Review Party. It’s such a great way to connect with the community.
Winter Favorites: Courtney Edition!
If you live in Chicago you need a good winter boot and I am obsessed with Sorel boots. They are so cute, comfortable and great for running around because most fit more like a sneaker than a boot. Many are on sale now if you are in need of a pair!
Tazo - Glazed Lemon Loaf Tea
This Tazo tea is a such a treat and a healthy one! It’s a win win. I love to have a cup at night. It’s great on its own but I like to add a splash of milk to make it a little creamier. It’s delicious and perfect on a cold winter day or night.
Lulu Scuba Dupe
I have been living in this cozy sweatshirt that is a dupe of the Lululemon Scuba hoodie. Its cute, comfy and less than half the price and I actually like it better than my Lulu one.
Chicken Tortilla Enchilada Rice Bake
This Half Baked Harvest Chicken Tortilla Enchilada Rice Bake is a delicious and warm winter meal. It’s great because it cooks and bakes in the skillet so there are less dishes to wash. It’s easy, yummy and makes enough to have leftovers, warm it up and throw some fresh chips on top.