"The housing market has been particularly brutal the past couple of years. While the pandemic ushered in an era of sub-3% mortgage rates, those climbed to levels peaking at 8% in October 2023. Current mortgage rates are still hovering around the low-6% range and home prices are 55% higher than they were at the beginning of 2020, according to the Case-Shiller U.S. National Home Price Index."
"Considering those factors, among others, the "best time" to buy a home this year is right around the corner, according to a Realtor.com report published this week. Realtor.com says the week of Oct. 12-18 will be 2025's "sweet spot" for home shoppers thanks to a "rare combination" of higher inventory levels, lower home prices, and less competition. For the report, Realtor.com analyzed six supply-and-demand metrics at a national and metro level that follow seasonal patterns using data from 2018 to 2024."
Mortgage rates rose from sub-3% during the pandemic to a peak of 8% in October 2023 and currently hover near the low-6% range. Home prices are 55% higher than at the beginning of 2020, according to the Case-Shiller U.S. National Home Price Index. Mortgage applications recently surged nearly 30%, and home prices are starting to plateau or decline in some markets. Higher inventory levels, lower prices, and reduced competition are aligning seasonally to create a buyer advantage in the fall. The week of Oct. 12–18, 2025 is identified as particularly favorable for home shoppers. Analysis used six supply-and-demand metrics across national and metro levels following seasonal patterns from 2018–2024.
Read at Fortune
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