Realtor.com – Tells Homebuyers Best Time To Buy (Circle These Dates Now) Ric Bender provides financial education; learn how to protect your wealth, reach financial goals, and create economic prosperity.
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Attention, Homebuyers: Circle This Date as the Very Best Time of the Year To Get a New House
While experts are throwing around phrases like “housing correction” and “slowdown in the real estate market,” things don’t seem much easier for homebuyers in the trenches right now. There still aren’t many homes for sale, and what is on the market is selling quickly—and often for more than the asking price.
Buyers looking for a break—and to save money on the purchase price of a home—should circle the week of Sept. 25 through Oct. 1 on their calendars. Realtor.com® has declared this the best week of the year nationally to purchase a property as there are traditionally about 8.4% more homes for sale. And in a big bonus for buyers, properties are usually priced around $20,000 less than usual.
“The best time to purchase a home is the last week of September because that’s historically when the market is most hospitable to buyers,” says Realtor.com economic data analyst Hannah Jones. “Typically, the early fall is when there are fewer buyers. There are also more homes on the market, and the housing market is generally calming down from the summer rush.”
Click here to read the entire article from Realtor.com – https://www.realtor.com/news/trends/the-very-best-time-of-the-year-to-get-a-new-house/
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