As we enter the New Year, it’s always fun to reflect on the previous twelve months and look at what is trending as we move forward.
If you’re unfamiliar with the Pantone of the Year, it is more than just a color to paint your walls. Since 2000, the Pantone Colour Institute has been indicating a colour of the year and, for many, this is seen as a representation of the current moment in time helping us to reflect on the culture and state of the world. Think of it like a snapshot in time!
For 2024, the Pantone color of the year is “Peach Fuzz,” which is notably a warm and cozy hue to feed and nourish the soul.
During this post-pandemic period of turmoil around the economy, mortgage industry, and housing market, many of us currently need more nurturing and comfort. This colour signifies the importance of caring and community even more as we enter 2024.
As the calendar turns over, take inspiration from Pantone to make the New Year one of comfort, healing, and peace for yourself and those around you. With interest rates forecasted to drop towards the later half of 2024, housing and job markets set to stabilize and inflation slowly reducing to normal, we have some stability to look forward to.
To ensure you can make 2024 as comfortable as possible, don’t hesitate to contact me for mortgage advice. Managing your finances can be a great way to reduce stress and leave time for more important things! Renewals are on the rise, and this can be an excellent opportunity for you to rebalance your mortgage contract, review your interest rate and terms, and update your payment schedule to make the most of your monthly cash flow.