Think Spring is the best time to move? Think again!
According to a recent NerdWallet analysis, sale prices fall an average of approximately 3% from September to November!
In addition to the price incentive, the fall tends to have less buyer competition and longer days on market. Which means you may have more leverage when negotiating terms and contingencies.
Thirdly, interest rates are still super low! And who knows how long that will last... "Mortgage interest rates, additionally, remain low—though the Federal Reserve hinted at a benchmark rate hike this December."
Here are more details from the NerdWallet study:
https://www.nerdwallet.com/blog/mortgages/home-buying-season/
**Pssst Can you wait a little longer? January or February, when homes cost 8.45% less on average than in June through August.
According to a recent NerdWallet analysis, sale prices fall an average of approximately 3% from September to November!
In addition to the price incentive, the fall tends to have less buyer competition and longer days on market. Which means you may have more leverage when negotiating terms and contingencies.
Thirdly, interest rates are still super low! And who knows how long that will last... "Mortgage interest rates, additionally, remain low—though the Federal Reserve hinted at a benchmark rate hike this December."
Here are more details from the NerdWallet study:
https://www.nerdwallet.com/blog/mortgages/home-buying-season/
**Pssst Can you wait a little longer? January or February, when homes cost 8.45% less on average than in June through August.
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