Why Fall is the Perfect Time to Buy

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It’s finally fall! The perfect time to shop for your new home. Home sales were on the rise in August and they don’t appear to be slowing down!

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  1. 1. According to Milwaukee Business News, inventory is still low for the year but has continued to increase month-to-month. Many families have stopped looking as school has started. But if you don’t have school-age children, the school year doesn’t matter and you can take advantage of a less competitive market, now is a great time to buy.
  2. 2. Prices will continue to rise! According to CoreLogic’s latest Home Price Index report, home prices have appreciated by 6% over the last 12 months. The same report is predicting that prices will continue to increase at a rate of over 5.4% over the next year. The market is on its way back to being in full swing. Buy now at a better time.
  3. 3. Good news for all buyers: mortgage interest rates remain at historic lows! Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained at or below 3.5% for 13 consecutive weeks! fall-buy-1However, there is a flip side to this story The Mortgage Bankers Association, Freddie Mac and the National Association of Realtors all agree, rates will increase by this time next year.
  4. 4. If you are renting or buying a home, either way you are still paying a mortgage. If you are going to be paying a monthly fee, why not put it towards your own equity and financial growth?
  5. Fall is a great time for buyers! Rates are still at historic lows for mortgages, and it is best to get locked into a great deal while you can! Your Shorewest, REALTOR® is here to guide you through the process! #ShorewestRealtors #BuyingAHome #Fall

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Categories: First Time Home Buyers, Home Buying, Homeowner, How to, Real Estate Tips, Tuesday Tips

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