Best time to buy a house

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Subject: Best time to buy a house

The past year has been a double-edged sword for homebuyers as they’ve struggled to take advantage of record-low mortgage rates in the midst of record-high home price growth.

Thanks to a normalizing market, homebuyers can expect to experience some much-needed price breaks as the fall homebuying season goes into full swing. Based on four years of listing data, realtor.com said the week of Oct. 3-9 is the “sweet spot” for buyers looking for the perfect abode at a reasonable price.

Fortunately for buyers, some relief may be on the horizon as the season quickly approaches the best time to buy — the time of year when the balance of market conditions favor buyers the most. With all of the challenges facing buyers as the housing market recovers from the impact of the pandemic, this week provides a balance of market conditions that favor buying over every other week of the year.

Realtor.com said homebuyers are benefiting from the kickoff of the school year, meaning most parents are holding off their homebuying plans until next spring or summer when moving is easier. Also, many markets are experiencing a boost in new inventory, meaning savvy buyers have more leverage to negotiate as the competition takes a timeout.

The increase in inventory and the decrease in competition also leads to a longer list-to-sale pipeline, meaning homebuyers will have more time to do a proper home search and find a home that actually fits their needs.

Call us at (480) 205 2234 to get pre approved while you look for your dream home.

DGS Capital and Loans, 15333 N Pima Road #305, 85260, Scottsdale, United States

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Subject: Best time to buy a house