Realtor.Com® Data Suggests January is a Good Time to Buy
It’s a new year and you’ve probably set some resolutions (or home resolutions maybe) for 2020. Is one of your new year’s goals to get into a new house? According to data, January is a great time to start that search for your dream home.
There are several reasons that the first month of the year is the time to start searching. Realtor® Magazine says low mortgage rates are a great reason to start the home buying process. Housing Wire backs up that claim, saying the rates are much lower than last year at this time. According to the website, the “average U.S. fixed rate for a 30-year mortgage averaged 3.72%.” You can read more about mortgage rates here.
January is also a time for very low unemployment and higher employee wages.
Although this month is setting up to be a great time to buy, that doesn’t mean other months will see a slow down. The spring will still continue to be a competitive housing market while buyers search for their home sweet home. So why not start the search now and get a headstart before things get too competitive?
Read more about the predictions for the January housing market here. If you’re ready to start your search, you can do so on the Synergy Realty Network website. You can also call your dedicated agent who can help you in the beginning stages if you feel lost.
Happy house hunting!