Source: Market Watch —
Winter is coming. And in the case of real estate, that may be a good thing — at least for buyers looking for a lower priced home. Indeed, a 2021 analysis from real estate research firm ATTOM Data Solutions found that October, November and December were the months when buyers paid the lowest premiums from homes. But will that be true this winter? (See the best mortgage rates you may get now here.)
Some pros say yes: “House prices have been dropping as they usually do in autumn, after the end of spring and summer homebuying season. They’ll continue to slip lower, mostly because rising mortgage rates are forcing buyers to shop for homes in lower price ranges. Home buying activity will slow as Thanksgiving approaches,” says Holden Lewis, home and mortgage expert at NerdWallet.
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