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With Recession Fears Diminished, January Is a Smart Time to Buy

Spring and summer are traditionally the busiest buying seasons, with 40% of home sales in the U.S. happening in May, June, July and August. In winter, meanwhile, the pace of the real estate market tends to slow down, with buyers deterred by cold weather and diminished inventory. During the holiday season, in particular, buying and selling can grind to a halt. But in 2020, real estate experts anticipate that January will be an excellent time to buy, with minimal competition and low mortgage interest rates. Prices are also more favorable in the first month of the year. An analysis of the 50 most populous metro areas in the U.S. found that sales prices were 8.45% lower in January and February t

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