Is there a best time to buy a home? Well, the answer is yes and no. Seasonality does play a factor in when you might get the best deal on your home purchase. Typically, spring is when inventory is plentiful but there is fierce competition among buyers. While on the contrary, winter months usually yield lower home prices but you then have to deal with reduced inventory, but there is also less competition. While seasons are important, looking at broader market conditions play a more critical role in determining the best time to buy in addition to your own personal circumstances. The best time to buy is when you feel financially, mentally and geographically ready to settle down and are committed to sticking with your decision for at least a five year time horizon. I’m Stewart Brown, a licensed Mortgage Loan Originator in Palm Springs, California here to simply topics in Real Estate and Mortgage Lending. Please, like, share, follow and subscribe!
