Join us on Hudson Valley’s Real Estate Explained, as our host, Michael Kahns, invites veteran real estate broker Rik Brescia for a robust discussion on the evolution of Hudson Valley's property market. This episode offers an in-depth exploration of market trends from the past year, the impact of notable events on the property market, and prognosis for 2024. Venturing further in, we examine the present housing market, characterized by shrinking inventory and rising property values. We dissect the influencing factors and the subsequent implications for potential sellers. The episode promises enriching insights into divorce sales and the effects of low interest rates on the market.In the latter part of our discussion, we provide pertinent advice for homeowners contemplating property sales. From the importance of correct pricing factoring in location and timing to significant advice on home preparation for optimum pricing, this episode is a treasure trove of valuable advice.For prospective homebuyers, we assure you're not left out. We offer guidance on the best time to dive into the market, considering the ongoing inventory dip and the impending spring market boom. Furthermore, we touch on mortgage rate predictions for the rest of the year from reputable sources like the Mortgage Bankers Association, Realtor.com, Bloomberg, and Fannie Mae. Tune in to Hudson Valley’s Real Estate Explained for a comprehensive guide to the local property market, whether you are a first-time homebuyer, a seasoned investor, or simply real estate curious. This episode promises a wealth of knowledge as we transition into a new year packed with potential housing market trends and opportunities in 2024.