Your Daily Homeowner Newsletter For Friday, December 22nd, 2023

Today’s edition is brought to you by our partner Bed Bath & Beyond. Now holding their annual end of the year clearance sale, it’s a great time to find limited time deals, and shop home goods at the lowest prices.

Friday, December 22nd, 2023

Good day neighbor!

This is 'Welcome To My House' your neighborly newsletter. Each day, we bring you current updates on interest rates, insights into the current housing market for those thinking about making a move, and a homeowner tip or reminder, offering practical advice to enhance your home life and maintain your property's value. Think of us as your friendly next-door neighbor, always here with quick, useful info to help you navigate the world of homeownership. .

Here’s what we have for you today:

• Current Interest Rates On A 30yr Home Mortgage (7.26%)

• Buyer’s vs Seller’s Market Index (58)

• Homeowner Tip (Check Smoke Detectors)

Mortgage Interest Rates Today

Today, borrowers are paying an average rate of 7.26% on a 30-year mortgage. This is down from last week’s average rate of 7.56%.

Buyer’s Vs. Seller’s Market Index Score

As Christmas/New Years approaches, the real estate market in the USA has adjusted slightly, now showing a score of 58/100 on our Buyers vs. Sellers Index. This adjustment is influenced by the current time of year, with notably less seller demand as Christmas approaches. The market continues to moderately favor sellers, evidenced by ongoing home price growth and a constrained housing inventory. However, recent trends, such as a gradual increase in inventory and more frequent price reductions, are starting to offer buyers some leverage. It's important to bear in mind that this national score doesn't encapsulate the nuances of local market variations. Looking ahead, we'll keep a close watch on key market indicators, particularly shifts in interest rates and inventory levels, to gauge their influence on the market heading into the new year.

Daily Homeowner Tip

As we count down the final days to Christmas, it's a perfect time to ensure the safety of your home amidst the festive preparations. One key task is to check your smoke and carbon monoxide detectors. Testing these devices is a simple yet vital step, especially in winter when heating appliances are used more frequently. This is not just about ensuring they're working; it's also about safeguarding your family during a season where the risk of indoor hazards can increase.

Take a moment to press the test button on each detector. If the alarm sounds weak or doesn't sound at all, replace the batteries immediately. Also, if your detectors are more than ten years old, consider replacing them entirely. While decking your halls and wrapping gifts, remember that this small act could be the most important gift you give your family this holiday season – the gift of safety

That’s all we have for you Today!

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. Some links may be affiliate links that we earn a commission from if you purchase, this helps us keep the newsletter going.