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Why More Homeowners Are Selling This Fall

According to the Keeping Current Matters, as the summer months fade, the real estate market typically experiences a slowdown, with fewer homes being listed for sale. It's a seasonal trend that many expect each year. However, this fall, something unusual happened. Instead of a decline, the number of homes for sale has surged, offering more options for buyers. So, why are more homeowners choosing to sell now?

In September, there was a surprising 11.6% increase in homes hitting the market compared to last year. This bucks the usual fall trend, and the reason behind it may be a mid-August dip in mortgage rates, which encouraged many homeowners to take action.

What Does This Mean for Buyers?
If you're in the market to buy, this is good news! There are fresh listings available, giving you more choices than you've likely seen in recent months. Unlike properties that have been sitting unsold, these are new opportunities that could be just what you're looking for.

But keep in mind that mortgage rates have been fluctuating. While rates dropped at the end of the summer, they've ticked up again recently, which could lead to fewer homes being listed in the near future. Mortgage rates continue to influence the decisions of homeowners, so staying informed is crucial.

Why Act Now?
Whether you're searching for your first home, an upgrade, or planning to downsize, the current market offers more inventory than it usually does this time of year. If you find a home that fits your needs, it's important to act fast. These fresh options won’t be available indefinitely, and competition is still strong.

While the recent increase in homes for sale is a positive sign, it doesn’t necessarily mark a lasting trend. Factors like inflation, employment, and Federal Reserve decisions will all play a role in what happens next with mortgage rates and housing supply. So, if you're ready to buy, now could be the perfect time to make your move.

Bottom Line
With more homes on the market than usual, buyers have a unique opportunity this fall. By working with a Jason Buttorf, you can stay ahead of the competition and secure the home that’s right for you before these new listings disappear.


source: www.keepingcurrentmatters.com

Work With Jason

Drawing on his decade of experience in finance, investment management, and holistic financial planning, and as a Chartered Financial Analyst ( CFA ® ) charterholder, he leverages his financial acumen and analytical focus to help his clients navigate the sophisticated San Francisco market.
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