3 Key Opportunities in the Fall Housing Market for Buyers
As we enter the fall season, the housing market is undergoing a transition, creating unique opportunities for those looking to purchase a home. Whether you’re a first-time buyer or a seasoned real estate investor, this shift presents several advantages worth considering. Here are the top three reasons why now is a great time to enter the market.
More Homes for Sale: Active inventory is rising, with listings up 34.6% compared to last year. This growth gives buyers more options to find their ideal home before the year-end
Source: Norada Real Estate Investments, Realtor
Motivated Builders: With competition from newly constructed homes, builders are more willing to offer deals and incentives to sell their properties, especially as they focus on affordable pricing.
Lower Mortgage Rates: Mortgage rates have declined slightly from their peak, and further reductions are expected as inflation eases. This creates a favorable environment for financing, increasing affordability for potential buyers.
Source: Norada Real Estate Investments, Realtor
By capitalizing on these opportunities, fall 2024 could be the perfect time to find your dream home or make a smart investment.
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