The Best Week of the Year to Buy a New House
The recommendation is based on the current market.
Source: Lifehacker -
So far, 2022 has been tough on homebuyers. The lack of available housing has sent the prices of the homes that do come on the market soaring. Even traditionally affordable cities and neighborhoods are now out of reach for many people. In fact, the median list price in August was $435,000—a 14% increase from August 2021.
Those looking to buy a house were dealt another blow this spring, when mortgage interest rates went up. But the good news is that the tide appears to be turning (albeit slowly)—starting with more properties coming onto the market. For example, the number of homes for sale was up 87.3% in August compared with what was available at the beginning of 2022.