Not many expect home buying to pick up in 2015 but I do 1. many new young families 2. low rates 3. tired of renting http://t.co/PT5Ct1mPdQ
— blackmarkt (@blackmarkt) January 21, 2015
Best time to sell?
Surprising January followed by July.
July makes sense as an optimal time to sell your real estate as it is during the summer peak when many families are off and the weather is hospitable.
I guess January makes sense too as it is the beginning of the new year and families who have been busy with holiday activities start to look for fresh starts to their new year’s resolutions.
Best time to buy?
Conversely if you’re looking for a deal as a buyer February may be your best opportunity to negotiate. This may be due to all the holiday pent up demand being released January and a post buying spree slump.
*Data provided by the HPI at http://research.stlouisfed.org