This is the best time to buy a home according to experts

Published On Nov 15, 2024, 6:00 AM

Experts believe that the best time to buy a home is actually in the fall rather than the traditionally favored spring season. According to Ralph McLaughlin from Realtor.com, buyers can benefit from lower competition and more homes available on the market, particularly from late September to early October. Many families with school-aged children tend to avoid moving during the school year, leaving more options for buyers. Additionally, sellers may be willing to lower prices as they become nervous about lingering listings.

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Stock Forecasts

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With the recommendation to buy in the fall and the increase in housing supply, homebuilder stocks may benefit from a surge in purchasing activity as buyers take advantage of this season. Conversely, mortgage lenders could be negatively impacted if interest rates remain high and the overall purchasing activity does not increase sufficiently.

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