WASHINGTON, DC (WUSA9) - Wondering if the housing market is in favor of buyers or sellers right now? It’s actually a great time for both!
Statistically the largest amount of homes settle in June and for the most amount of money. If you’re looking to sell, now is the time. Houses that sell in August, September, and October settle for about 3 to 4 percent less. This means it’s a great time to start looking for a home, so you can close when prices are lower.
And if you’re not looking to move in to a new home, it’s a great time to buy for investment purposes. The Federal Reserve just raised rates by a quarter percent, but that actually drove down mortgage rates. You can rent out the new property, and use that income to pay off your mortgage loan. Not only will you watch the value of your new investment rise, but you’ll also benefit from a tax break.
This article is sponsored by The Real Deal in Real Estate.
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