As we approach the final quarter of 2024, sales in North Georgia and Western Upstate of SC have been slow. Buyers have been eagerly anticipating a decrease in interest rates, which, although happening, is not as rapid as expected for this year. Today's rates fell slightly but not enough to drive more buyers out in the market.
So when is the optimal moment to begin searching? We've noticed an increase in available properties, leading sellers to make price adjustments in order to attract buyers due to reduced home viewings.
Furthermore, the US Presidential election is causing uncertainty regarding the potential victor, and as we are aware, markets do not fare well in uncertain times.
Furthermore, there is a significant number of potential buyers who have been patient in their approach, eagerly anticipating the opportunity to enter the market. Despite an increase in the number of creditworthy buyers, housing sales have decreased compared to 2023.
Conclusively, now might be an ideal moment to consider making a purchase. According to a recent article on realtor.com, senior economic research analyst Hannah Jones stated that the optimal time for buying is “Seasonal market dynamics indicate that this year’s Best Time To Buy falls on Sept. 29 to Oct. 5,”.
So if you are considering an address change, now is the time to start the process. I have a fantastic video you can watch sharing with you a little about the homebuying process.
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