If you’ve been sitting on the sidelines, waiting for the “perfect” time to buy, here’s some encouragement: the data is showing some interesting momentum. According to Mortgage Bankers Association (MBA), purchase‐loan applications jumped 6% the week of November 7 compared with the week prior, marking the strongest weekly pace since September according to Homes.com
Even more revealing: compared to the same week last year, purchase applications are up 31 % — this is the strongest start to November in years. Homes.com
More homes are becoming available. The article notes that “in markets where inventory has increased and sales‐price growth has slowed, potential homebuyers continue to shop around.” Homes.com
Mortgage rates, while higher than the last few years, are still showing some relief compared to a year ago. For example, the 30-year fixed rate averaged ~6.22 % in recent data — about 0.57 percentage points lower than a year back. Homes.com
Homeowners aren’t the only ones active: refinance applications have more than doubled year-over-year. Homes.com
If you’re ready to buy (or close to ready):
Less competition than in peak seller’s-market frenzy. Slowing price acceleration and increasing inventory give you more room to maneuver.
Opportunity to lock in now while buyers are active and sellers are motivated.
Pre-approved? Let’s move. If you’re already pre-approved, you’re in a strong position to act quickly.
No need to wait for “ideal”, because things are already shifting in your favor.
Work with a trusted local broker. If you’ve been pre-approved, it’s time to connect with the team at Rich Realty Group to hone in on neighborhoods, style, budget, and timeline.
Stay ready. Inventory may still move quickly as more buyers step in.
Let us guide you. From securing finance to negotiating offers — we’ll be your anchor in this evolving market.
Buying a home is rarely about perfect timing — it’s about right timing for you. With signals pointing toward increased activity and opportunity, now is a strong time to shift from “thinking about it” to “doing it.” Now is a great time to jump in the buyer pool. If your finances are in place (hello, pre‐approval!) and you’re ready, let’s get started. Reach out to the Rich Realty Group team and let’s explore your next home.
