“The crisp fall weather brings opportunity to first-home buyers. Many times first-time home buyers can benefit by extending their search into the fall and winter months when many investors and out of area buyers tend to retreat. With interest rates remaining low opportunity abounds for those who may have been outbid during the spring and summer months. Over the years I have personally bought property four or five times during this period of time with great success.”
– Bill Facendini, President & Broker
“As home sellers are motivated to sell and set themselves up before the end of the year, sometimes we see a better opportunity for buyers as sellers can be more generous in pricing and terms.”
– Debbie Hegardt, Santa Rosa associate
STARTER-HOME INVENTORY PEAKS IN THE FALL
Trulia is advising first-time homebuyers to accelerate their house-hunting plans now, because for-sale inventory increases and listing prices decrease in the fall and winter months, according to Trulia’s newly released findings from the Trulia Inventory and Price Watch.
According to the report, starter-home inventory peaks in October and actually rises 7 percent in fall months compared with the spring. Regionally the strongest season for starter homes in 70 of the top 100 housing markets is between October and December. That leads to listing prices that are about 4.8 percent and 3.1 percent lower in the winter and spring than in the summer, respectively.