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When is the right time to buy a home in 2024?

Hello, I’m Casey Van Winkle, the owner of First Class Mortgage. As of January 2024, we’re anticipating a decrease in interest rates, but home values are expected to continue rising. For those looking to buy a home, January and February present the best chances to secure a favorable purchase price. However, be aware that starting from March through May, the spring buying season will likely intensify competition, leading to a significant increase in home values as more buyers enter the market, especially when interest rates drop.

Q1 2024 Mortgage Minute Video

When is the right time to sell a home in 2024?

If you’re considering selling your property, now is the ideal time to complete any renovation or repair projects. This will prepare your home for listing in March, which is when the market typically heats up.

When is the right time to refinance in 2024?

Lastly, for those interested in refinancing, I encourage you to contact us. We can set up a meeting to devise a strategy aimed at finding the optimal time for refinancing that maximizes your monthly savings. Often, you might need to wait 6 to 8 months before you can refinance, usually aiming for a 1% rate reduction. By getting in touch with us, we can discuss your specific situation and plan the right time for follow-up.