THE PULSE OF THE MARKET 
The market is going through a correction right now. The question is how big will the correction be. There’s talk of a three-quarter percent interest rate increase this month and I’ve even heard that the increase could be as high as 1 percent. That changes things dramatically. The phycological effects of a 1-point increase will cause a pullback from most investors. It may cause a lot of investors to adopt a wait-and-see attitude on the market.

WHAT TO EXPECT
I’m expecting at least a three-quarter percent interest rate increase at the next Fed meeting. Inventory will continue its slow but steady increase and we’ll start to see fewer transactions. Days on market will also continue it’s slow but steady increase. We have yet to see values drop much but I expect we will see values start to drop the further we get into the correction cycle and interest rate increase. As always, feel free to give me a call or send me an email with any questions on the market.

The way to increase your wealth is to sell at the current historically high prices and find alternative investments where you can get as high or more passive returns and continue to increase your wealth. Let me know if you’d like to have me analyze your situation and property to help determine your equity position for a potential sale or 1031 exchange. All right, that’s it for now, see ya next week.