T
he market's perception depends on your perspective and circumstances. It's essential to seize the opportunities available now, as time in the market typically outweighs waiting for better conditions. With moderate demand and rising prices, securing a property while interest rates are relatively stable is crucial.

    Interest rates will likely remain between 6-7% for the foreseeable future, which is still within historical norms. Considering this, it's essential to view the current situation as half-full rather than half-empty. The Fed's rate drops have had a positive psychological impact on the market, despite the economy's hot performance and sticky inflation.

    Record rents will continue to fuel demand, with buyers adjusting their budgets to match the new mortgage rate reality. Inventory levels are expected to be low, which will solidify price floors. Manhattan's real estate market has shown remarkable stability since the pandemic, encouraging confidence among buyers.

    However, conflicting signals abound: a slowing economy or lower inflation could lead to lower rates, but this would come at the cost of overall economic growth. Lower rates also invite increased competition, driving up prices. It's essential to seize the market you're in and consider your perspective on these scenarios.

    The incoming administration's policies will bring uncertainty, with factors like tariffs, tax cuts, and immigration affecting the market. As always, it's crucial to choose a trusted broker who can guide you through this unpredictable landscape.