• The week of September 29 through October 5 is the best time to buy a home, Realtor.com said.
  • Homebuyers can save $14,000 compared to the summer median home price.
  • Realtor.com cited lower competition and higher inventory in the post-summer period.

Temperatures are cooling, but the year's hottest housing deals are still ahead. According to a new report from Realtor.com, the best week of the year to buy a home is just around the corner.

A long-awaited reawakening for the US housing market may be right around the corner.

An interest-rate cut by the Federal Reserve could result in more homes being listed on the market, as more homeowners may feel compelled to sell their property, real-estate experts say.

Recent economic data showing…

1054 Views, 0 Comments

Read Full Post

Market Recap

Mortgage rates are at their lowest level since March 2023 (6.35% for a 30-year fixed rate mortgage as of August 29th), and August 2024 reflected year-over-year increases in the number of active listings, new listings and pending sales. At the same time, the number of closed sales year-over-year was virtually unchanged, and median home prices rose in 20 of the 26 counties covered by NWMLS. The Federal Reserve is expected to further reduce interest rates in September, sending encouraging signals to potential buyers.

This week, mortgage rates continue to trend downward, with key economic news ahead that could influence the market further. The upcoming CPI inflation report and Treasury auctions will be closely watched this week, with…

886 Views, 0 Comments

Read Full Post