Good news for homebuyers! The market is changing, and this fall presents a prime opportunity to jump back in.
Why Now?
According to Realtor.com, the week of September 29th – October 5th offers the ideal conditions for buyers in 2024. Here’s why:
- More Choices: Inventory is at its highest level since May 2020, giving you more options to find your dream home.
- Better Deals: With increased inventory, sellers are more likely to negotiate, potentially leading to a lower purchase price.
- Increased Affordability: Mortgage rates are at their lowest point in 19 months, making homeownership more accessible.
Experts Agree:
Market analysts are highlighting the current buyer-friendly landscape:
- Andy Walden (Intercontinental Exchange Inc.): “Recent drops in mortgage rates make homebuying more affordable. August was the most attractive month for housing since February due to rates falling below 6.5%.”
- Ralph McLaughlin (Realtor.com): “We’re seeing a double benefit: falling rates and rising inventory (up 35.8% compared to last year).”
- Zillow: “Early fall offers a ‘sweet spot’ for buyers – less competition, motivated sellers, and lower financing costs.”
Ready to Take Action?
Don’t miss out on this golden opportunity! Let’s connect and discuss the steps to get you started on your homebuying journey. It’s time to move from the sidelines and into your dream home!