As the leaves change and the air turns crisp, fall might not just be a season for cozy sweaters and pumpkin spice lattes—it could also be the ideal time to buy a home. If you’ve been considering making a move, here are three compelling reasons to start your house hunt this fall:
1. Increased Inventory Offers More Choices
The housing market often sees a boost in inventory during the fall. After the busier summer season, there tends to be an increase in available homes, giving buyers more options to choose from. This means you’re less likely to feel pressured to make a quick decision or settle for a home that doesn’t fully meet your needs. With more listings on the market, you can take your time, compare properties, and find a home that’s a perfect fit.
2. Newly Built Homes Could Be More Affordable Than You Think
One of the benefits of buying in the fall is that newly built homes may become more budget-friendly. As the end of the year approaches, many builders are eager to sell off their remaining inventory to close out their books. This can result in price reductions, incentives, or other deals that make a brand-new home surprisingly affordable. If you’ve been dreaming of living in a newly constructed home, fall might be the season when that dream becomes a reality.
3. Mortgage Rates Have Decreased from Last Year’s Peak
While mortgage rates have been a topic of concern for many buyers over the past year, there’s good news this fall. Rates have come down from their peak last October, making financing a home purchase more manageable. Although rates are still higher than they were a few years ago, the recent dip means lower monthly payments, which can make a significant difference in your budget. If you’ve been holding off on buying due to high rates, now could be a good time to reconsider.
Fall is often seen as a quieter time in the real estate market, but for savvy buyers, it can offer some unique advantages. With more homes on the market, potential savings on new builds, and improved mortgage rates, this season presents a great opportunity to find and finance your dream home. If you’ve been thinking about buying, consider making your move this fall—you might just find the perfect place to call home.
