Is Now the Best Time to Buy in 2024?
Posted by Ralph Ragette Jr on
Is Now the Best Time to Buy in 2024?
Fall is typically a quiet period for real estate but as we transition into this fall, we could see a shift in the market. Historically, home tours peak in the spring, but with interest rates set to drop in the coming months, experts are predicting we might see buyers and sellers act sooner. This year could bring a unique inversion with buyers actively shopping as mortgage rates hit their lowest levels since May 2023.
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The average 30-year mortgage rate hit a 52-week low today, at 6.27%.
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Buyer traffic is down -1.3% compared to the first week of the year, according to ShowingTime®.
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New Inventory: 103 single-family homes have been listed in Westchester since 9/1. In…
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