{"id":6008,"date":"2024-09-16T05:30:00","date_gmt":"2024-09-16T10:30:00","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/the-best-time-to-buy-a-home-this-year\/"},"modified":"2024-09-16T05:30:00","modified_gmt":"2024-09-16T10:30:00","slug":"the-best-time-to-buy-a-home-this-year","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/the-best-time-to-buy-a-home-this-year\/","title":{"rendered":"The Best Time To Buy a Home This Year"},"content":{"rendered":"

\"The<\/p>\n

A shift<\/a> is underway in the housing market this season. And if you\u2019ve been sitting on the sidelines waiting for the right moment to jump back into your homebuying search, this is a great time to do it. That\u2019s because the best week to buy a home this year is just around the corner<\/strong>. Your sweet spot is here.<\/p>\n

 The experts at Realtor.com <\/em>study<\/a> <\/em>seasonal trends to figure out the ideal week for homebuyers:<\/p>\n

\u201c<\/em>Nationally, the best time to buy in 2024 is the week of Sept. 29\u2013Oct. 5. This week historically has shown the best balance of market conditions that favor buyers.<\/em><\/strong> Inventory tends to be high, prices are below peak levels, demand is waning, and the pace of the market slows to a more manageable speed.\u201d <\/em><\/p><\/blockquote>\n

In addition to the historical trends and typical seasonality that Realtor.com<\/em> looks at, there are also clear indicators in today\u2019s market<\/a> data that you\u2019ll see better conditions right now than you would have over the last few years.<\/p>\n

Mortgage rates<\/a> just hit their lowest point in 19 months, and that goes a long way to help with your purchasing power and affordability<\/a>. Andy Walden with Intercontinental Exchange Inc.<\/em> (ICE) points out<\/a>:<\/p>\n

\u201cRecent easing in mortgage rates brought some much-sought relief to prospective homebuyers. <\/em>Along with a general cooling in home price growth, rates falling below 6.5 percent made August the most affordable month for housing since February<\/em><\/strong>.\u201d<\/em><\/p><\/blockquote>\n

And Ralph McLaughlin, Senior Economist at Realtor.com, <\/em>explains<\/a> that it\u2019s not just rates that have improved \u2013 inventory<\/a> has too: <\/p>\n

\u201cThe number of homes actively for sale continues to be elevated compared with last year, growing by 35.8%, a 10th straight month of growth, and <\/em>now sits at the highest since May 2020<\/em><\/strong>.\u201d<\/em><\/p><\/blockquote>\n

That should give you more options<\/a>. At the same time, sellers now have to compete with each other for your attention. That means they\u2019ll be more likely to negotiate<\/a> because they know their house will sit on the market longer if they don\u2019t. As Zillow<\/em> says:<\/p>\n

\u201c<\/em>Buyers waiting on the sidelines could find that early fall presents a \u2018sweet spot,\u2019<\/em><\/strong> where there\u2019s less competition from other buyers, more motivated sellers and lower interest rates to finance their purchases.\u201d<\/em><\/p><\/blockquote>\n

Bottom Line<\/h3>\n

If you want to make sure you\u2019re ready to take advantage of this sweet spot, connect with a local real estate agent and start the prep work now. Maybe it\u2019s time to get off the sidelines and into the action.<\/p>\n

Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"

A shift is underway in the housing market this season. And if you\u2019ve been sitting on the sidelines waiting for the right moment to jump back into your homebuying search, this is a great time to do it. That\u2019s because the best week to buy a home this year is just around the corner. Your […]<\/p>\n","protected":false},"author":1,"featured_media":6009,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-6008","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"\nThe Best Time To Buy a Home This Year—NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/the-best-time-to-buy-a-home-this-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Best Time To Buy a Home This Year—NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"A shift is underway in the housing market this season. 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