Who buys a home in January? Smart people, that’s who!
Most people usually look for houses in the spring and summer, but buying a home when the weather warms up means lots of buyers, plenty of competition and higher prices.
Home pricing data via nerdwallet.com
Fortunately, you’re not most people. January is a great time to buy a home because prices are typically the lowest they’ll be all year. Realtor.com data shows that prices are 8.45% lower in January and February than June through August. Additionally, since fewer people purchase houses in the winter, competition is lower and the odds you’ll get your dream home (for a dream price, no less!) are much higher.
If you’re in the market for a mortgage, the qualified staff at Advancial Mortgage can find the products and services best suited for your unique needs.
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