Real Estate Blog - Fall

Home Buying in Fall: Why Now’s a Unique Time to Purchase in Brookings, SD

Posted by Shane Andersen on November 5th, 2024

Did you know that home listings typically slow down as summer ends? It’s a reliable seasonal trend in real estate, but this year, there’s a twist. With mortgage rates dipping at the end of summer, we’re seeing an uncharacteristic boost in new homes hitting the market—right when inventory usually starts to drop.

According to the latest data from Realtor.com, the number of homes listed for sale in September increased by a surprising 11.6% compared to last year. This rise, fueled by more homeowners seizing the opportunity to sell when rates declined, offers Brookings-area buyers more choices than expected for the fall season. Here’s a look at what this means for buyers and why now might be the ideal time to start your home search.

Why Fall…

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Why Selling this Fall May Be Your Best Move

Posted by Shane Andersen on October 22nd, 2020

 

If you’re thinking about moving, selling your house this fall might be the way to go. Here are four highlights in the housing market that may make your decision to sell this fall an easy one.

1. Buyers Are Actively in the Market

ShowingTime, a leading real estate showing software and market stat service provider, just reported that buyer traffic jumped 60.7% compared to this time last year. That’s a huge increase.

It’s clear that buyers are ready, willing, and able to purchase – and they’re in the market right now. In many regions of the country, multiple buyers are entering bidding wars to compete for the home they want. Take advantage of the buyer activity currently in the market so you can sell your house in the most favorable…

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How Low Inventory May Impact the Housing Market This Fall

Posted by Shane Andersen on October 13th, 2020

 

Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale.

Buyers are actively searching for and purchasing homes, looking to capitalize on today’s historically low interest rates, but there just aren’t enough houses for sale to meet that growing need. Sam Khater, Chief Economist at Freddie Mac, explains:

“Mortgage rates have hit another record low due to a late summer slowdown in the economic recovery…These low rates have ignited robust purchase demand activity…However, heading into the fall it will be difficult to sustain the growth momentum in purchases because the lack of supply is…

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