If you’re planning to buy a home in 2024, timing could save you big money. The best week to buy is from September 29th to October 5th. During this golden week, buyers can expect prices to be nearly $15,000 lower than the summer peaks, along with 37% more listings, and fewer competing buyers. This period offers an ideal combination of lower prices and more choices, making it perfect for first-time buyers or seasoned investors looking for deals. Here’s why you don’t want to miss it: Lower Prices: Prices drop by a significant margin—nearly $14,000—compared to summer highs. More Listings: Inventory sees a 37% boost during this week, meaning more homes to choose from. Less Competition: Fewer buyers mean more negotiating power and reduced risk of bidding wars. This period offers a sweet spot for those who have been waiting for the right time to purchase. With the combination of more options, price reductions, and less competition, it's a perfect opportunity to capitalize on the market. Pro Tip: Keep an eye on homes that have been on the market for a while. You may find motivated sellers who are willing to offer price cuts or incentives! Don’t wait until the market heats up again! With more listings, lower prices, and less competition, the week of September 29th to October 5th is the perfect time to find your dream home and save big. Ready to take advantage of this golden opportunity? Contact me today, and let's start your home search before the competition catches on! Whether you're a first-time buyer or seasoned investor, this is your chance to make a smart move in the 2024 real estate market.

Hello North Georgia Homeowners and Buyers! The financial markets have been on quite a rollercoaster lately, and while that might sound like bad news, there's actually a silver lining for those of you considering buying a home or refinancing your mortgage. Recent fears of a U.S. recession have sent shockwaves through the global markets. On Monday, the Dow Jones dropped 1,000 points, the NASDAQ lost up to 6%, and Japanese stocks experienced their biggest drop since 1987. But here's the good news: this financial chaos is creating an ideal environment for favorable mortgage rates. The Good News for Mortgage Rates We’ve seen significant declines in interest rates over the past week, thanks to a recent Federal Reserve meeting hinting at upcoming rate cuts and a weaker-than-expected jobs report. Lower Bond Yields = Lower Mortgage Rates HousingWire’s Lead Analyst, Logan Mohtashami, pointed out that bond yields have dropped dramatically. As of Monday morning, the 10-year Treasury yield hit 3.76%, its lowest since June 2023. This drop generally signals lower mortgage rates. Many mortgage professionals are already quoting lower prices, although they’re facing some challenges with loans previously locked at higher rates. Analysts are predicting that the 30-year Freddie Mac fixed rate mortgage could drop from 6.73% to around 6.3% by next week if current trends continue. What This Means for You What does this mean for you? Well, if you’re considering buying a home or refinancing your current mortgage, now might be a perfect time. The market is expecting significant interest rate cuts by the Fed, with predictions of up to 4.6 cuts of 25 basis points each by year-end. This could make a huge difference in your monthly payments. Real Savings for Borrowers Last week’s drop in mortgage rates led to a surge in rate locks. Loan originators are reporting substantial savings for borrowers. For example, a loan that would have cost a borrower 1.213 points on Monday dropped to 0.375 points later in the week. This means big savings on monthly payments. California-based mortgage expert Shannon Hoff mentioned that borrowers who bought or refinanced in the past 12 to 18 months, as well as those prequalified for new purchases, are in a great position to benefit from these lower rates. Lower rates can mean reduced monthly payments or even higher qualifying amounts for new loans. Now is the Perfect Time to List Your Home With mortgage rates at their lowest in recent times, more buyers are eager to take advantage of these favorable rates. If you’ve been thinking about selling your home, now is the perfect time to attract motivated buyers and secure a great deal. Let Us Help You Maximize Your Home’s Value We understand that selling your home is a significant decision. Our team of experienced real estate professionals is here to guide you every step of the way. From setting the right price to marketing your property effectively, we ensure your home gets the attention it deserves. Ready to Make a Move? Connect with Us Today! Don’t miss out on this opportunity to benefit from the current market conditions. Contact us today to schedule a consultation and learn more about how we can help you list and sell your home quickly and profitably. Contact UsAmy Parris Cook HomesPhone: 404.432.5029Email: amyparriscook@gmail.comWebsite: YourNorthGARealtor.com Tags: #MortgageRates #FinancialMarkets #HomeBuying #RealEstate #Refinance #InterestRates #HousingMarket #USRecession #MortgageAdvice #SellYourHome #HomeListings