admire so much. Thank you to those who came this year and save the date for next year -- Nov 9th, 2025.
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Alas, reality beckons us back to some other pressing issues in our market environment. Put plainly, inflation is cooling back to around 2%, and the U.S. economy is growing at a steady 2-3% with strong job numbers and wages rising faster than inflation. As 2024 ends, the U.S. economy looks stable and outpaces global competitors, with stock markets hitting record highs. But markets are still bracing for potential inflation.
Why? Big policy shifts—like tariffs, tax cuts, and subsidies for key industries—could raise prices and increase government debt. The 10-year Treasury yield has surged close to 4.5%, and markets are reacting with spikes across equities and commodities. Higher growth may counter rising prices, but that depends on consumer-level benefits like wage increases.Â
As always, market change is the one constant. And maybe one other thing—experts who make all kinds of predictions. Some will be right and some won't, because well, it all depends... One thing I do know for sure is that despite our proximity to the center of government, our market has historically been a bit more insulated from large upheaval due to the strong demand for homes driven by demographic shifts, a historically low unemployment rate due to an abundance of government contract work and our relatively small geographic area. Â
So what does this mean for you? If you are on the fence about buying or selling in 2025, there is no better time to initiate your real estate endeavors than when it is best for you and your life. Some good advice will always be a constant. Â
With gratitude always, Gitika