December Market Update and Newsletter

And just like that, the holiday season is here! Another year is almost in the books — it’s amazing how quickly the seasons change and time advances. So, what’s happening now in the real estate market, and what might we expect in the months ahead? Let’s dive in.

Currently, the demand for housing remains strong. Even during Thanksgiving weekend, buyers were actively attending open houses and scheduling showings across the area. Interest rates have stabilized, and buyers seem to be adapting, even as prices remain at record highs. Why are prices climbing despite higher interest rates? It all comes down to inventory — or the lack thereof, and continued powerful demand. While lower inventory is typical during this time of year, we’re seeing even fewer homes available than in many recent years, excluding last year. This scarcity continues to put upward pressure on prices. On the demand side consumer confidence and economic optimism is soaring and it seems like the stock market sets a new record daily, so don’t expect any retreat on that front.

Looking ahead, changes to the real estate market in the new year will largely be shaped by interest rates and shifts in policy as we approach 2025. If rates decrease, demand should increase even further, driving prices higher and creating a more competitive market. Conversely, higher rates could lead to reduced demand, longer listing times, and potentially stable or at least lower price increases. Adding to the mix, the new administration will bring with it a host of impactful policy changes. Historically, new leadership has often introduced initiatives to stimulate the housing market, such as programs to boost inventory, encourage homeownership, or make financing more accessible. While specifics remain uncertain, many of the broad policy proposals of the new administration will certainly create an exciting and favorable environment for buyers and sellers alike.

On another note, you might wonder if now is a good time to sell your home. The answer depends on your situation. If you need to move soon, now is a great time. Buyer demand is high, and those looking during the holidays are typically serious buyers, not just browsers. Additionally, homes often look their best when decorated for the season, which can help make a strong impression. However, if you simply want to sell, waiting until after the holidays could be beneficial, as the buyer pool isn’t likely to disappear unless rates climb significantly. Either way, as always I’m happy to discuss your options and help you decide the best path forward.

As we wrap up the year, I wish you and your loved ones a joyful and blessed holiday season filled with warmth, laughter, and cherished memories. Merry Christmas!

It’s a good life.

Chris

 

5 Kind Ways to Welcome New Neighbors

news.remax.com

Have new neighbors next-door? Small acts of kindness can make a big difference in helping them adjust to the neighborhood. Here are five thoughtful ways to welcome newcomers and foster lasting relationships.

1. START WITH A FRIENDLY INTRODUCTION

A genuine greeting is a great way to be a good neighbor. If you see your new neighbors out and about, take a moment to say hello and offer your contact information in case they need help or have questions about the neighborhood. If they’re in the midst of moving in, consider offering a helping hand!

2. CRAFT A THOUGHTFUL WELCOME GIFT

A small, thoughtful gift can go a long way. Consider bringing treats from a local bakery or a few essential household items to make their first few days easier. If you love to cook, you could prepare a simple meal or bake something they can heat up while unpacking. For an easy, no-fuss gesture, flowers are always a great way to brighten a new space.

3. OFFER LOCAL INSIGHTS

Recommendations from someone who knows the area well can be incredibly helpful when settling in. Put together a list of your favorite local restaurants, coffee shops, dog parks, gyms, and other services that your new neighbors can try out as they explore the area.

4. PROVIDE NEIGHBORHOOD-SPECIFIC POINTERS

Help your neighbors navigate their new environment by sharing key details like street sweeping or trash pickup schedules, important HOA reminders, the hours for local amenities, and more. If there are community clubs or upcoming events, let them know about those as well – they’ll appreciate having the inside scoop.

5. SET UP A GET-TOGETHER

A casual gathering is a great way to get to know new neighbors and help them meet others in the community. You could host a dinner, organize a block party, or arrange a playdate for kids or pets. Other include grabbing coffee, taking a walk, or enjoying a meal at your favorite local restaurant. Invite other neighbors, too, so newcomers have the chance to meet more people and start building connections.

These simple gestures can help new neighbors feel right at home in the neighborhood. Looking to find a new home in a neighborhood you love? Let me know, I’d be happy to help!

Recipe of the Month | Creamy Tuscan Chicken Soup

By Delish.com

As soon as the temperature starts to drop, comfort food cravings hit, and that means soup season has begun. While a steamy bowl of classic chicken soup will always be a go-to, sometimes a few upgrades are needed to switch up the staple soup. Rich and flavorful, this gorgeous soup serves a crowd, and it’s fit for any occasion. Indulge in a warm bowl of this soup as a main with garlic bread and a salad, serve as a starter at dinner, or reheat leftovers for lunch at your desk.

Ingredients

  • 500 g/1 lb chicken thighs , skinless boneless
  • 1/2 tsp each salt and pepper

Soup:

  • 30g / 2 tbsp unsalted butter
  • 1 onion , finely chopped
  • 2 garlic cloves , minced
  • 2 large celery stems , finely sliced (sub 2 carrots)
  • 1/2 cup chardonnay or other dry white wine, optional
  • 4 cups chicken stock/broth , low sodium
  • 3 cups water
  • 1 tsp cooking/kosher salt
  • 1/2 tsp black pepper
  • 250g/8 oz small pasta shells (or other small pasta, rice, potato etc)
  • 1 cup (tightly packed) parmesan, finely grated or store bought pre-grated
  • 1 cup thickened/heavy cream
  • 2 packed cups baby spinach , chopped kale or similar
  • 1/2 cup sun dried tomato strips , chopped into 1cm pieces, plus bit of oil drizzling

Soup thickener:

  • 2 tsp cornstarch mixed with 2 tsp water

Instructions

  • Cook outside of chicken – Sprinkle each side with the salt and pepper. Melt butter in a large pot over medium high heat. Once foamy, place the chicken in and cook the first side for 3 minutes or until light golden, then the other side for 2 minutes – it’s fine if the inside is still raw, it cooks more later. Remove onto a plate.
  • Soup flavor base – Turn the stove down to medium low. Add garlic, onion and celery into the same pot then cook for 3 minutes or until the onion is softened.
  • Deglaze – Turn up to high, add wine, stir, then let it simmer until the wine reduces by half.
  • Broth & pasta – Add stock/broth, water, salt and pepper. Bring to a boil then add the pasta. Cook for the time per the pasta packet directions (~10 minutes), stirring every now and then so the pasta doesn’t stick to the base of the pot.
  • Add chicken partway – While the pasta is cooking, chop the chicken into 1.5cm / 1/2″ pieces then add into the pot to finish cooking.
  • Finish soup – Once the pasta is cooked, turn heat down to low. Stir in parmesan until melted. Stir in the cornstarch-water mixture, cream and spinach. Stir for a minute until spinach is wilted and soup thickens slightly.
  • Serve – Ladle into bowls. Sprinkle with sun dried tomato strips (and a bit of oil looks nice for finishing). Eat!

Monthly Home Maintenance Tips

  • Stock up on winter essentials like ice melt, snow shovels, and car scrapers to be prepared for icy conditions.
  • Vacuum refrigerator coils to improve energy efficiency and reduce strain on the appliance during holiday meal prep.
  • Test and maintain your garage door opener to ensure it operates smoothly in colder weather.
  • Seal air leaks in your attic to prevent heat from escaping and reduce energy costs during winter.
  • Deep clean and inspect holiday decorations before putting them up to avoid dust, allergens, or potential hazards.