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Market Update

Estate Properties

Year-over-year home prices dropped for the first time in a decade and, despite the recent uptick in activity, sales are still 11% lower than historical averages. What does this all mean? For one, we need to reset expectations on what success looks like within this new higher-rate environment. Second, we must keep in mind that no one knows the future. From an economic standpoint, we are trying to thread the needle in the middle of a hurricane. We might pull it off, or we might lose the thread and needle entirely.

Lastly, let’s remember that real estate is still one of the best investments out there.

Real estate will be what it has always been: one of the most reliable long-term investments you can make.