The best time to buy a home in 2024 will be the week of September 29 to October 5, as buyers could save over $14,000 compared to summer's peak prices.
'This decline in rates combined with softening prices in some markets has boosted the purchasing power of homebuyers,' says Danielle Hale, chief economist at Realtor.com.
As we move into fall, fewer buyers are in the market for a home, which lessens competition, partly driven by school schedules and weather.
On a national level, buyers of the median-priced home could see payments down $300 to $340 from recent mortgage rate peaks, boosting home-buying power.
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