Although mortgage rates remain above 7%, the first week of October has historically been the best time to buy a home due to a drop in demand and reduced home prices.
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Demand Down Overall, Starter Homes at a Premium
“There’s a fair amount of demand for lower-priced single-family homes, which in this area means around $400,000 and under,” said Redfin Premier Agent Brynn Rea.
Read More »Higher Home Costs Spurring Moderation in Buyer Demand
New data suggests the U.S. housing market may have hit a turning point in its supply struggle in May, as active inventory recorded the first year-over-year increase since ...
Read More »Buying Demand & Affordability Move Home Prices Up by 6.5 Percent in June
Home prices are edging up once again thanks to pent up buyer demand, affordability, consumer confidence, and an improving labor market.
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