Is Fall The Best Time To Buy A House?

Typically, the best time to buy a house is in the spring because that’s when most homeowners list their properties and inventories are high. However, this year, the fall season is shaping up to be a good time to buy as well.

Fall Home Buying Forecast

There are signs that this year’s hot housing market may be cooling down as we finish out the remainder of 2021. According to the National Association of Realtors’ Chief Economist, Lawrence Yun, prospective buyers may find more options this fall. “More housing inventory will reach the market, certainly by autumn, because of an upward trend in home construction, says Yun.

What Influences The Fall Season Housing Market

Lumber Prices

The cost is starting to go down and the inventory is getting better heading into the fall. While there’s still a strong demand for housing, lower lumber prices will start to ease the shortage.

Family Timing

Families typically shop for homes in the spring and summer because it’s easier to move kids during that time of year. In the summer months, for example, kids are out of school and there’s no disruption to their studies. This means less competition in the fall months.

Inclement Weather

Spring and summer are great times to be outside. The fall? Not so much. Weather makes fall a less desirable time for moving, which may also discourage homebuyers from hunting at this time. In other words, this is another great opportunity to take advantage of less competition for homes on the market.

Return to College

College students typically start classes in the fall and nests become empty. Of course, that was disrupted in 2020 amid the pandemic, but forecasters say 2021 is on track to see more of a return to normalcy. That means parents with empty nests might be eager to sell their homes and move on to a new chapter in their lives, adding much-needed houses to the market’s inventory.

Thinking Of Buying This Fall? 6 Steps To Home Ownership

Purchasing a home doesn’t have to be overwhelming. At UW Funding, we walk you through the entire process.

Step 1: Get Pre-Approved

Find out how much home you can afford, what type of down payment you’ll need, and the monthly mortgage payment you can expect.

Step 2: Assemble Your Team

Find the right real estate agent, lender, and title company that you can trust throughout the entire process.

Step 3: Find A Home

Identify what’s important to you, see what’s on the market, and start shopping.

Step 4: Submit An Offer

Once you find a home you love, your real estate agent will submit a purchase offer on your behalf. When an offer is accepted, it’s time to nail down the details.

Step 5: Conditions and Paperwork

Your team will work on settling the conditions and generating the paperwork you’ll need to complete.

Step 6: Closing

You’re in the home stretch and once everything aligns, you’ll get the ke

Get Started

When you’re ready to begin, start here for a quick online quote. We offer great rates, personal attention, and no surprises.