Home buyers are approaching the best time to buy a home, according to the National Association of Realtor’s consumer website. The website’s Best Time to Buy report found that the last week of September will offer buyers the most favorable mix of savings and available homes. Hannah Jones, senior economist at the site, says early fall could be the time to buy. “Home shoppers heading into fall will find an opportunity that has been hard to come by in recent years: more choices and less urgency. With mortgage rates still elevated above year-ago levels, and offering buyers little relief on the financing side, this fall window is a clear opportunity for buyers to make up some ground elsewhere,” Jones said. “The week of September 27-October 3 brings together the market conditions buyers value most – elevated inventory, less competition and prices that have eased from their seasonal high – giving prepared buyers a way to offset high rates with savings on price and room to negotiate with confidence.” (source)
