Your Daily Homeowner Newsletter For Tuesday, December 26th, 2023

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Tuesday, December 26th, 2023

Good day neighbor!

We hope everyone had a great Holiday!

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 (7.01%)

• Buyer’s vs Seller’s Market Index (60)

• Homeowner Tip (Efficient Post-Holiday Cleanup)

Mortgage Interest Rates Today

Today, borrowers are paying an average rate of 7.01% on a 30-year mortgage. This is a small drop of 0.17% from last week.

Buyer’s Vs. Seller’s Market Index Score

As we transition from Christmas and approach the New Year, the real estate market in the USA has experienced a slight shift, now reflecting a score of 60/100 on our Buyers vs. Sellers Index. This adjustment acknowledges the period just after Christmas, a time when market activities often begin to pick up again. Despite this seasonal variation, the market continues to lean towards sellers, as evidenced by ongoing home price growth and a still constrained housing inventory. However, with the recent decrease in mortgage interest rates and a slow increase in available homes, buyers are beginning to see more favorable conditions. It's important to note that this national score doesn't fully represent the complexities and differences in local markets. As we move closer to the New Year, we will keep a close eye on crucial market indicators, especially changes in interest rates and housing inventory, to better understand their effects on the market dynamics as we head into the new year

Daily Homeowner Tip

As the festive season winds down, it's the perfect time to start organizing and decluttering your home. Begin by carefully taking down your holiday decorations. Sort them into categories, such as lights, ornaments, and garlands, and inspect each item for any damage or wear. This is also an ideal opportunity to decide whether to keep, donate, or dispose of any decorations that you didn't use or no longer need.

For the items you're keeping, use sturdy, labeled storage containers to protect them from dust and damage. Wrap fragile ornaments in soft tissue paper or bubble wrap and coil strings of lights around cardboard to prevent tangling. Store all holiday items in a dry, cool place to ensure they remain in good condition for the next season.

Moving beyond decorations, tackle other areas of your home that may have become cluttered during the holidays. This could include sorting through gift wrapping materials, reorganizing your kitchen after holiday cooking, or finding homes for new gifts. This post-holiday cleanup not only helps to restore order to your home but also sets a fresh and organized tone for the new year ahead.

That’s all we have for you Today!

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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.