{"id":9389,"date":"2019-09-21T05:00:00","date_gmt":"2019-09-21T05:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/black-friday-for-home-buying-is-near\/"},"modified":"2019-10-27T15:48:07","modified_gmt":"2019-10-27T15:48:07","slug":"black-friday-for-home-buying-is-near","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/black-friday-for-home-buying-is-near\/","title":{"rendered":"\u2018Black Friday\u2019 for Home Buying Is Near"},"content":{"rendered":"

The week of Sept. 22, which marks the beginning of fall, is the best time of year to buy a home<\/strong>, according to a new realtor<\/a>.com\u00ae analysis. Buyers tend to find less competition, more inventory, and the biggest reductions on list price during that week, according to the study, which evaluated housing<\/a> data in 53 metros from 2016 to 2018.<\/p>\n

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During the first week of fall, buyers tend to face 26% less competition from other buyers, and they are likely to see 6.1% more homes available on the market compared to other weeks of the year, according to the analysis. Nearly 6% of homes on the market will also see price reductions, averaging 2.4% less than their peak. \u201cAs summer winds down and kids return to school, many families hit pause on their home search and wait until the next season to start again,\u201d says realtor.com\u00ae Senior Economist George Ratiu. \u201cAs seasonal inventory builds up and restores itself to more buyer-friendly levels, fall buyers will be in a better position to take advantage of today\u2019s low mortgage<\/a> rates and increased purchasing power.\u201d<\/p>\n

The West may be the region to see the most noticeable differences in housing markets the week of Sept. 22. During this timeframe in the past, the region has experienced nearly 30% less buyer competition, about 4% reduction in list prices compared to peaks, and nearly 9% of homes slashing their prices, according to realtor.com\u00ae. Plus, 22% more active listings<\/a> will be available to buyers.<\/p>\n

On the metro level, Denver may see the most price cuts during the week if the market follows past patterns. Historically, 11 percent of listings in the Denver area have their prices reduced during the week, followed by Salt Lake City (10.8%); Seattle (10.2%); Austin, Texas (9.9%); and Portland, Ore. (9.9%).<\/p>\n

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The week of Sept. 22, which marks the beginning of fall, is the best time of … \u2018Black Friday\u2019 for Home Buying Is Near<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":9390,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[1403,12908,543,239,127,344,3781,1442,408,1295,818,479],"class_list":["post-9389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-buy","tag-home","tag-home-buying-guide","tag-home-search","tag-homes","tag-housing","tag-housing-markets","tag-in-housing","tag-mortgage","tag-mortgage-rate","tag-real","tag-realtor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/09\/1909_922realtor.com_.png?fit=672%2C1071&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":8978,"url":"https:\/\/amazingproperty.com.ng\/blog\/why-you-shouldnt-put-a-home-search-on-hold-in-december\/","url_meta":{"origin":9389,"position":0},"title":"Why You Shouldn\u2019t Put a Home Search on Hold in December","author":"Amazing Property","date":"December 12, 2018","format":false,"excerpt":"December is typically the slowest month in the housing market, but it can be a great month for home buyers who have been sidelined to finally make their move. This month may be busier than previous December\u2019s for that reason, too, economists say. Some buyers may be looking to take\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1812 Homesearch 1300.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/12\/1812-homesearch-1300.jpg?fit=586%2C330&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/12\/1812-homesearch-1300.jpg?fit=586%2C330&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/12\/1812-homesearch-1300.jpg?fit=586%2C330&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":3264,"url":"https:\/\/amazingproperty.com.ng\/blog\/are-your-buyers-getting-frustrated-yet\/","url_meta":{"origin":9389,"position":1},"title":"Are Your Buyers Getting Frustrated Yet?","author":"Amazing Property","date":"April 11, 2017","format":false,"excerpt":"Consumers are increasingly on the house hunt this spring. Though they're enjoying solid employment and paycheck gains and in a rush to beat rising mortgage rates, they\u2019re also struggling to find a home to buy in many housing markets. Read more: New Reality? Buyers Face Fewer Choices Indeed, the supply\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":723,"url":"https:\/\/amazingproperty.com.ng\/blog\/here-come-59-million-buyers\/","url_meta":{"origin":9389,"position":2},"title":"Here Come 59 Million Buyers!","author":"Amazing Property","date":"February 10, 2017","format":false,"excerpt":"[ad_1] One in four U.S. adults say they are considering buying a home this year, which extrapolates to a whopping 59 million people, according to a recent survey by Bankrate.com. Minorities are expected to be big buyers this year. More than two in five black survey respondents said they were\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1940,"url":"https:\/\/amazingproperty.com.ng\/blog\/real-estate-this-spring-the-early-bird-wins\/","url_meta":{"origin":9389,"position":3},"title":"Real Estate This Spring: The Early Bird Wins","author":"Amazing Property","date":"March 14, 2017","format":false,"excerpt":"Entering real estate\u2019s traditionally busiest time of year, the housing market is being buoyed by a stronger economy and consumer confidence. 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Gen Xers, who are between the ages of 37 and 51, make up the second largest share of home buyers, comprising 28 percent in 2016, according\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/9389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=9389"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/9389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/9390"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=9389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=9389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=9389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}