The Winter Market May Be Good For Buyers
Typically, spring and summer are thought of as the prime times to buy or sell a home. There are a number of reasons for this, including weather and the end of the school year. But whatever the reason, there are usually more homes for sale and more active buyers during what is typically the busiest sales season. Fall and winter, on the other hand, are the time of the year when the housing market slows down. The approaching holidays and colder temperatures across much of the country mean fewer Americans are in the mood for a move. But that can mean opportunities for buyers who are. A recent analysis looked at the country’s largest metro areas and compared typical affordability levels, projected rent increases, and the share of listings with a price cut to determine where buyers might have the best chances in the coming months. The results showed conditions in hot markets like Orlando, Boston, Seattle, and Las Vegas are becoming more favorable as the end of the year approaches. That means, interested buyers may be in a better position this fall and winter than they will be next spring when things begin to heat back up. More here.