17 Apr Market Update for April 2023

So what’s going on with the real estate and financial markets this month?  The Federal Reserve, despite hotter-than-expected CPI numbers, raised the Fed Funds Rate by 25 basis points (BPS). No longer hawkish after the Silicon Valley Bank failure, the Fed slows the pace of rate hikes due to concern over more bank collapses….  Here’s the rest of this great article courtesy of Lynn and Geneva Financial with a market update for this month.

I can tell you that the market here on the Western Slope is going strong – despite interest rates and failed banks.  I have several properties under contract for April (some closed already) as well as May and into June.  I would love to help you with your real estate needs, and by the way – I NEED LISTINGS!  If you or someone you know is looking to sell property, please call me.  I will give you a FREE market analysis so that you’ll have an idea of what your property might sell for right now.   Or, if you’re not ready to have that conversation, you can always get an instant value at my website.

Make sure you’re following me on Facebook and Instagram.  I hope you’re enjoying some sunshine here in Western Colorado.  This past weekend has been beautiful – we are getting excited to see full on spring!