What’s in Store for 2023 Real Estate?
There’s lots of nervous hand-wringing from folks worried about inflation, mortgage rates, and a possible recession. To put things in perspective, in 1981, inflation was double the current rate and 30-year mortgages were at 18%! At that time, the Fed decided to increase rates, just like they have done recently. As a result, forty years ago, home prices dipped slightly and then quickly recovered. Many economists are predicting the same for real estate prices in 2023.
Off To College
It is going to be a different year for Keagan, the last boy in the house, as brother Easton heads off to Valley City State University in North Dakota. How exciting for “E “who is beginning his college career, continuing his growth in academics and in sports!
Older brother Mason is transferring to Valley City State and will be joining E. The VCSU Vikings are bringing back Kaiser’s famous Yoshino to Yoshino offense! Keags is a rising senior at Kaiser High School and is exploring a number of possible colleges and universities for 2024.
Who is Taking Care of the Caregivers?
More than 50% of us over 50 are caregivers. I have cared for an aging parent and have also had the privilege of advising many others in similar situations. It is not an easy role to jump into, but there are ways to prepare. Like all things in life, having a plan in place is key. The plan should include a trust, end of life documents, and finances to cover expected (and unexpected) costs. Caregivers should do their research and learn about Medicare, Medicaid, and applicable laws covering long-term care and benefit programs. Most importantly, caregivers need to take care of themselves by setting healthy boundaries emotionally, financially and physically. A vacation for a caregiver is a good way to recharge!
As always, I love to hear from you!
Thank you, Judy
