January 2023 Market Update

David Kim January 31, 2023

We're ringing in the new year with some good news. It's been a quiet past few months but the housing market is finally starting to wake up.

What we're currently seeing

  • Interest rates are dropping
  • Stock market is up
  • More applications for loan pre-approval
  • Slightly more inventory coming onto the market
  • More activity at open houses
  • Some properties are getting multiple offers again 

What does this mean for you?

Many buyers have been waiting on the sidelines for the "perfect opportunity" to jump back into the market. Sellers also have been waiting for the market to get better. As long as inflation is kept under control which seems to be the case so far, we can see good opportunities for buyers and sellers. For move-up buyers, the current market can provide great opportunities.
Rates are as low as 5% and loan buy-down programs can drop your rate even lower. If you are planning on making a move this year or next year, let’s get together to discuss your scenario and talk about how to strategize for your next move.
Reach out to us today at (650) 988-5114 if you'd like to strategize a game plan for 2023.

Flipbook Reports by County


10 Home Maintenance Tips

  1. Regularly check and maintain your home's foundation to ensure it is stable and not at risk of cracking or shifting.
  2. Keep your roof in good condition by cleaning gutters, checking for leaks, and replacing damaged or missing shingles.
  3. Inspect and maintain your home's plumbing system to prevent leaks and costly repairs.
  4. Inspect and maintain your home's HVAC system to ensure it is running efficiently and effectively. Make sure you change your furnace filters as recommended. Filter type and thickness can impact how often you should replace it.
  5. Check and maintain your home's electrical system to ensure it is safe and up to code.
  6. Regularly inspect and maintain your home's appliances to ensure they are running efficiently and safely.
  7. Keep your home's exterior in good condition by painting, staining, or sealing it as needed.
  8. Inspect and maintain your home's windows and doors to ensure they are properly sealed and functioning.
  9. Regularly check your home's insulation to ensure it is keeping your home energy-efficient.
  10. Create and maintain a home inventory to document the condition and value of your possessions in case of theft or natural disaster.

Upcoming local events

Lunar New Year Celebration

Saturday, Jan. 28 from 10 a.m. - 4 p.m.
All are welcome to enjoy a day of Asian arts and music, traditional performances, games, and riddles to win prizes! Learn more about the meaning behind Lunar New Year and the rich customs of family, friends, and neighbors as we welcome the new year together.
Mountain View Community Center, 201 S Rengstorff Ave. in Redwood Hall

Filoli Orchid Display & Sale 2023: Woodside

Orchid Sale: Saturday & Sunday, Jan. 28 & 29, 2023 - 10 a.m. - 4 p.m.
Orchid Display: through Monday, Feb. 13, 2023
Filoli Estate, 86 Cañada Road, Woodside, CA

Sat, Feb 4, 2023 at 10:00AM - 4:00PM

Sun, Feb 5, 2023 new hours 11:00AM - 2:00PM
Friends of the Los Altos Library - USED BOOK SALE. A large selection of fiction & non-fiction and media in all categories for all ages, plus puzzles, specials, comics and graphic novels. Books sold by the bag ($5/bag). You can put our bag in your cloth bag to make it stronger. Proceeds benefit Los Altos Libraries.
Los Altos Community Center, 97 Hillview Ave, Los Altos, CA, 94022

Master Sinfonia Chamber Orchestra in Concert

Sun, Feb 5, 2023 at 2:30 PM
(under-18s attend free so bring the family!)
Los Altos United Methodist Church, 655 Magdalena Ave, Los Altos, CA, 94024

Questions? Contact us

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