The real estate market is open 365 days a year – yes, even on holidays – but there are cyclical trends to the marketplace. Some of those ups and downs are based on mortgage interest rates and housing availability, but some are based on season. Next to spring, fall is the busiest season for home buying and selling. Autumn offers certain benefits to home buyers, including year-end tax breaks, pleasant weather conditions for moving and a wide selection of homes for sale. Read on to learn the advantages of buying in the fall.
- During this past spring and summer, home buyers were out in force. In many markets throughout the country, homes went under contract quickly, and bidding wars were not uncommon.
- Homes are not going under contract as quickly this time of year, and multiple offers are less frequent. This takes some of the pressure off buyers, and helps soften home prices.
- There is a chance, however, that the Federal Reserve will increase its benchmark lending rate in December, which could have a modest ripple effect on mortgage interest rates.
Alliance Credit Counseling
8000 Corporate Center Dr Suite 114
Charlotte, NC 28226
(888-995-7856) / (704-341-1010)