As we swing into the fall, September is shaping up to be a buyer’s market. The school year does bend the market in favor of buyers, and provides an opportunity for those on the move to take advantage of the available inventory. I regularly keep tabs on where the local hotspots are for activity and thought it beneficial to share locations where the homes are for sale in the Fox Valley. There is plenty of inventory, and if you are pre-qualified, now is the time to schedule showings.
Realtor.com is a great resource for tracking the market, and when the chief economist speaks- you can bet there will be accuracy in his forecast. Here is a clip from one of my trusted resources-
Buyers who are willing to close on a home purchase during the off-peak seasons – like fall and winter – tend to have the upper-hand, according to Jonathan Smoke, realtor.com®’s chief economist. September, in particular, is the best month of this year to sign a contract to purchase a home, according to his analysis.
Mortgage rates continue to favor home ownership, which is also keeping the real estate market humming along in the third quarter. It is a great time to get more house for your money when the mortgage rates make borrowing affordable. Getting pre-qualified with a lender is on the top of your to do list. Lenders come in all shapes and sizes depending on your financial profile. If you need help choosing a lender, I am happy to help. All in all, today’s market snapshot shows the Fox Valley real estate market is healthy, and people are on the move!
2014 Best of the Valley Finalist