Why Fall May Be Best Time for Buyers (Particularly October 8th)
Posted by Cary W Porter on
A slower fall season in home buying may help more lingering home buyers to jump in. Credit the flurry of back-to-school activities and end-of summer vacations for sidetracking some sellers and buyers. Typically, the last two weeks or so of August cool a bit and the market picks up again full steam once school resumes for one last big push up until the Holiday season.
Home buyers may find attractive mortgage rates this fall. Mortgage rates are still under the 4 percent psychological threshold, which can be a luring incentive for borrowers. Freddie Mac reported last week that the 30-year fixed rate averaged 3.78 percent, holding steady at a 2017 low.
Studies have shown that fall can be the best time to buy. A study conducted by RealtyTrac in 2015…
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