Don’t you just love September? The back-to-school shopping, the waxy smell of crayons in the air, the promise of fall starting to cool down that breeze, those last-minute Labor Day camping trips? Really, September is a magical time of year! Magical, but also busy. With all that return to the go-go-go of the academic year, it can be easy to lose track of your goals of homeownership. But don’t worry—I’ve got my finger on the pulse of today’s fast-paced market to make buying or selling your home this September a breeze!
Across the country, cost is continuing to rise in regard to labor and materials that go into building a new home. As a result, new home construction is falling rapidly. In fact, home building in the US fell for a third straight month this summer, pretty close to a new record.
What does that mean for you?
Well, with the cost of building a brand-new home continuously rising, more and more buyers are turning their sights onto already built, ready-to-go properties. With mortgage rates at a three-year low, that means the housing market will soon be heating up. Competition is fierce, which is good news if you’re looking to sell. More competition leads to higher prices and a shorter time on the market. If you’re looking to buy, stay strong! With a clear head and some smart negotiations, you can navigate this market!
Soon enough the leaves will be changing colors and we’ll be breaking out pumpkin carving knives! Wouldn’t it be great to welcome autumn in your new home?