With interest rates at 5 1/4% with 0 points and 4.875% with one point, many Buyers are seriously looking even though Christmas is only 11 days away. (These are conforming rates for 30 year fixed loans up to 417K).
In the past few weeks I have sold two houses and I do think the lower interest rates has made it a more attractive time for them to buy. I have never seen rates below 5% and I have been selling real estate for 25 years.
The housing inventory offers a great selection of homes in all price ranges. This certainly is the best time to buy that I have seen in many years. Give me a call at 520-615-2598 if you would like to explore the market.