$\"The$ \n

Want to buy a house this year, but not sure if the timing\u2019s right? Seasonally, it may actually be a better time to buy than you expect.<\/p>\n

Yes, mortgage rates have been ticking up lately \u2013 and that\u2019s creating some real challenges with affordability. No one\u2019s arguing that. But there are also predictable trends that happen this time every year that can put some wind back in your sails.<\/p>\n

According to research coming out of <\/em>Realtor.com<\/em><\/a>, nationally, the week of September 27 \u2013 October 3 will be the best time to buy this year for this very reason:<\/p>\n

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\u201c<\/em>The week of September 27\u2013October 3 brings together the market conditions buyers value most<\/em><\/strong>\u2014elevated inventory, less competition and prices that have eased from their seasonal high\u2014<\/em>giving prepared buyers a way to offset high rates with savings on price and room to negotiate with confidence<\/em><\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n
But that\u2019s the national best week. Depending on where you live, your local sweet spot may come a little earlier or later (see map below<\/em>):<\/p>\n
$\"a$ <\/p>\n
It all depends on local trends and how inventory and buyer demand ebbs and flows seasonally where you want to live. But no matter when your market hits its peak, here are some of the perks<\/a> you can expect this time of year.<\/p>\n
More Choices, Better Prices, and Less Competition<\/strong><\/h4>\nFor starters, there are more homes to choose from. In fact, data from the National Association of Realtors<\/em> (NAR) shows<\/a> the number of homes for sale recently reached its highest level in more than 10 years<\/strong>:<\/p>\n
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\u201cNAR\u2019s data does show a strong uptick in for-sale inventory at the end of the summer, reaching the highest level in more than 10 years.\u201d<\/em><\/p>\n<\/blockquote>\n
That means you may have a better shot at finding something you love and<\/em> can afford without making as many compromises. And that\u2019s not the only advantage.<\/p>\n
Realtor.com <\/em>says<\/a> buyers during this window could see home prices about $14,000 lower <\/strong>than the summer peak, along with 30% less competition <\/strong>from other buyers. <\/em>Plus, homes tend to stay on the market almost 2 weeks longer (13 days)<\/strong>, giving you a little more breathing room to make a decision.\u00a0<\/p>\n
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More choices.<\/strong><\/p>\n<\/li>\n
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Better pricing.<\/strong><\/p>\n<\/li>\n
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Less competition.<\/strong><\/p>\n<\/li>\n<\/ul>\n
That combination could be enough to ease some of the pressure higher mortgage rates are putting on your budget.<\/strong><\/p>\n
The Window Doesn\u2019t Close After This One Week<\/strong><\/h4>\n
But you certainly don\u2019t have to buy during that very specific window. This isn\u2019t a one-week-only opportunity. <\/strong>History tells us conditions should be tipped in your favor for the entire month of October:<\/p>\n
$\"a$ <\/p>\n
In fact, Realtor.com<\/em> says 42 of the 50 largest metros see their best week to buy fall sometime during October.<\/strong> So, don\u2019t feel like you have to rush to hit one specific date.<\/strong> Use the time now to get things lined up, then jump in when the timing is right for you. As Guaranteed Rate<\/em> explains:\u00a0<\/p>\n
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\u201c<\/em>The best time to buy a home depends on your needs.<\/em><\/strong> Certain seasons can give you an advantage when starting your homebuying journey.\u201d<\/em><\/p>\n<\/blockquote>\n
Bottom Line<\/h3>\n
If you want to buy a house this year, there\u2019s still a way to make it happen, even with today\u2019s rates. This fall gives you the chance to get some of the best seasonal perks the market has to offer.<\/p>\n
Want help figuring out when those advantages typically show up in your market?<\/strong><\/p>\n
Have a quick conversation with a lender and a local agent about how your market works and the steps you\u2019ll need to take to get ready.\u00a0<\/p>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":"
Want to buy a house this year, but not sure if the timing\u2019s right? Seasonally, it may actually be a better time to buy than you expect. Yes, mortgage rates have been ticking up lately \u2013 and that\u2019s creating some real challenges with affordability. No one\u2019s arguing that. But there are also predictable trends that […]<\/p>\n","protected":false},"author":1,"featured_media":6651,"comment_status":"registered_only","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":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},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-6650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-insight","tag-idaho-real-estate","tag-north-idaho-homes","tag-rain-silverhawk","tag-real-estate","tag-sandpoint-idaho"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t