We are proud to present you with this synopsis of the national, regional, and localized trends that matter most, found here in our Lake Norman_2023 Annual Report.
Beyond the tally of transactions in 2023, our brokerage’s success resonates in the meaningful relationships cultivated with local businesses and community organizations. Emphasizing our dedication, we remain a trusted online resource for all things Lake Norman. As a special highlight, we cherish the opportunity to feature the Visit Lake Norman 2023 Capture LKN first-place photo by Jeremy Wallace, encapsulating the spirit of our gorgeous area.
MARKET OUTLOOK – NATIONAL LEVEL
Every year starts naturally with a focus on the near future, and 2024 brings with it a mixed bag of economic signals that may at times contradict one another and provide a somewhat murky view of our year ahead. At Nest we are committed to providing our clients with the best and most relevant information to help you make some of the most important financial decisions of your life. On a national level, we focus on three key economic indicators—interest rates, consumer confidence, and employment—to help us look forward to what we should expect. The fundamentals of our nation’s economy are solidly on the right path: inflation rates have stabilized, interest rates have retreated, low unemployment has continued as a bright spot, and real wages finally seem to be making headway in a positive direction. But while the data may look cheery, our nation faces some of the lowest consumer confidence in more than a decade, driven, we believe, from political frustrations at home and geo-political instability abroad. With real estate in mind, a quick conversation with your Nest advisor will help you understand some of the problems created by historically low inventory.
For more information, visit us at nestrealtylkn.com.