- calendar_month September 16, 2024
As the leaves start to change, so does the housing market – and it could be the perfect time for you to find your dream home. If you’ve been waiting for the right moment, it’s finally here. We, as your trusted agents, want to share why this season offers an incredible opportunity for home buyers like you.
According to the experts at Realtor.com, the week of September 29 to October 5 is predicted to be the best week to buy a home this year. This sweet spot strikes the perfect balance, with inventory levels high, prices easing, and less competition from other buyers. As agents who care deeply about your home journey, we’ve been keeping an eye on the market trends, and the stars seem to be aligning in favor of buyers.
What makes this season extra special is that mortgage rates have just dropped to their lowest in over a year. Lower rates mean more purchasing power for you – a detail that can make all the difference in affording your ideal home. In fact, Andy Walden from Intercontinental Exchange notes that the cooling of home prices combined with this rate drop has made August the most affordable month for housing since early last year. Imagine what September could hold!
On top of that, the number of available homes has increased significantly, growing over 35% compared to last year. This means you have more options to choose from, and sellers are more motivated to negotiate. They know their homes might sit on the market longer, so they’re likely to offer better terms to grab your attention.
Zillow also highlights this moment as a "sweet spot," where conditions are just right for buyers to take advantage of motivated sellers, fewer competitors, and favorable financing options.
What’s Next? If you’ve been on the sidelines, waiting for the perfect moment – this could be it. We’re here to guide you every step of the way, making sure you’re prepared to seize this unique opportunity. Let’s get started on finding the home you’ve been dreaming of, together.