October brings all treats and no tricks when it comes to real estate! Besides great treats in the real estate market, October is also an excellent time to share our thankfulness for and with our
Top 4 best things in real estate for the fall of 2021
Dated: September 30 2021
October brings all treats and no tricks when it comes to real estate! Besides great treats in the real estate market, October is also an excellent time to share our thankfulness for and with our community. Here are the top 4 best things in real estate for the remaining three months of 2021:
- The market for buyers
- The market for sellers
- The overall market
- Our community
First, let’s start off with the market for buyers.
According to experts, the ideal week for buyers is early October, particularly Oct. 3-9 where there is the best balance of market conditions that favor buyers. What’s so great about the market for buyers right now?
- Increased housing supply
- Less competition
- Fewer bidding wars
- Some price reductions
- Low mortgage rates that give purchasing power
- More affordable that renting
Experts also recommend buying today over waiting until 2022... Waiting a year could cost buyers because:
- Home prices are expected to continue to appreciate
- Mortgage rates are expected to rise (so highler monthly mortgage payments)
- See table below for example
- The difference in your monthly mortgage payment would be $3,024 more per year and $96,120 over the life of the loan.
- Lets you take advantage of the equity you’ll build up over the next calendar year.
Second, you may now be more comfortable knowing it is a good market to buy a, you can also be confident that it is still a good time to sell your current home. It is still a seller’s market with:
- Low supply
- High demand
- Selling process is moving fairly quickly
- See the graphic below for more information…
Third, the question we are currently most often asked is, “How is the housing market? Is it Slowing Down?”
Economists are noticing a softening in the market, but nothing alarming. It’s simply leveling out to a more normal market. Like most years, it is slowing as summer ends. However, since our market was so different this year, those levels are similar to where we were a year ago. That being said, it is still a strong market to sell and buy.
The market for buyers and sellers is definitely a treat, and even sweeter is our thankfulness for our community.
Fourth, we are thankful for the opportunity to serve, help, and enjoy our community through several events recently, to include helping with the Northwest ISD Snack Sack program, partnering with the City of Haslet to put on Movie in the Park, putting on an ice cream event with live music, and monthly giveaways to include a giveaway to help a local teacher stock her classroom.
Additionally, we are excited about serving our community in multiple upcoming ways. Mark your calendar...
A reminder to also follow our Facebook page regularly for incredible monthly giveaways!
You don’t have to be afraid of the October market. It doesn’t matter if you’re buying or selling - it has plenty of great treats. If you’re ready to take advantage of the unique opportunities available as a buyer, seller, or community member, contact us:
- Search Dallas-Fort Worth area homes
- See how much your home is worth instantly
- Loan and refinance questions
- Follow our Facebook page for monthly giveaways, fun events, and real estate news
*Sources: Keeping Current Matters
Deanna has degrees in Communication and Journalism and over 25 years of experience in customer service, advertising, marketing, communication, instruction, training, and public speaking. With this ba....
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