That’s A Wrap
As I sit at my desk, late on Christmas night, it is hard to believe that this is my last newsletter for the year. I hope everyone had the kind of day that makes you smile. I was lucky to spend my day with family and dear friends who make me laugh and are happy to have each other.
The holidays aren’t always bright and jolly for everyone. I am keenly aware of this and am sending love and hope to you. As I scroll through Instagram and see all of the perfect families around perfect trees, opening perfect gifts, on their perfect vacations, I can feel like something is missing and like I am the only one not having a perfect holiday. Our perfect lies in the imperfect, that is for sure.
May the last week of 2022 treat you well. I look forward to connecting in the new year and am grateful to know each of you.
Cheers,
MG
TEA IN THE NEIGHBORHOOD
MARKET STATS
From 1985 to 2008, the average length of time homeowners typically stayed in their homes was six years. But according to the National Association of Realtors (NAR), that number has risen, and today homeowners are living in their houses an average of ten years.
LET’S TALK MORTGAGE RATES
The Core CPI print came in lower than expected at 0.2 on 12/13. Also, as expected The FED raised their funds rate 0.5% to an effective rate of 4.5%. FED chairman Powell in his statement hinted at an additional .25% to the terminal rate currently expected to top out at 5.25%. FED funds futures are expecting 0.25% bumps at the next two meetings 2/1 and 3/22. All in all, the bond markets have taken this news positively and we continue to see mortgage rates fall. (Origin Point)
GOLDEN HOUR IN THIS ABODE
Obsessed with this glowing Charleston home, filled with Art-Deco Furniture that AD shared last week. The mix of colors, textures and patterns in this home are awesome, and I love that each room feels totally unique… check it out!
CURRENTLY I’M…
…finding lots of unique and cool furniture by small artisans on this website. I love these small footprint chairs that look like a little hug for your bootie!
