This time of year is always exciting to me. I start to focus on the new year, analyze my business and real estate portfolios, and make changes where deemed necessary. It is always fun to track where I started at the beginning of the year and where I landed. I am a big proponent of writing down my goals for the upcoming year. I check what my goals were at the beginning of the year and see where I succeeded. What I didn’t finish gets carried over to the upcoming goals.
My crystal ball broke when I received my Real Estate license in 1985. I will step out and predict we will see interest rates drop a little bit in the upcoming year, barring no unforeseen disasters. Perhaps a drop as high as a percent. I recommend you don’t wait for the interest rates to come down if you see something you want to buy. You can always refinance later. You don’t want to miss that opportunity because of a monthly payment that you can reduce later.
We will also see many new homes being built in the area. You may have seen the plan for approximately 20,000 new homes west of the chip plant. This is only fulfilling approximately one-third of the employees for the plant.
