I always say, if a seller is on the market between mid-October and Thanksgiving, they're motivated. This gives buyers a unique opportunity to negotiate.
The housing market gets a little slower during an election year. Homes that are priced well will still sell and may even be competitive, but it's less competitive overall.
Rates trending downward will encourage some sellers who've been sitting on a 2.75 or 3 percent rate to finally consider selling, which could lead to more buyers in the market.
With a new buyer-broker rule in place, prospective buyers must sign with an agent before touring a home, meaning competition is now limited to serious buyers.
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