The worst prediction of 2023…

In the fall of 2022, most folks on wall street predicted an economic slump and a recession in 2023. Bloomberg Economics projected last October that the odds of a recession in the next year were 100%.

Instead, the economy showed incredible strength marked by historically low unemployment, solid corporate profits, and an average annualized growth of 3.2% in the first three quarters of the year, with another 1.3% projected for Q4. 

Inflation’s decline to 3.1% over the year in November and strong jobs numbers have made many experts (including Treasury Secretary Janet Yellen) optimistic that a recessionless cooling of inflation—otherwise known as a “soft landing”—is upon us.

These positive signs don’t always ‘translate’ to our daily lives where we still feel the lingering effects of past years’ inflation along with a constant media coverage of them.

I personally look forward to a healthy and robust 2024. Interest rates have fallen and continue to adjust downward, making it feasible again to buy one’s first home or to trade up or down.

Everyone’s situation is different, I am ready to discuss your options when the time is right for you. 

Wishing you a healthy and prosperous New Year 2024!