Why This One Week Is The Best Time To Buy
#52
Today marks the one-year anniversary of Estate Weekly 🥳
To our loyal readers who have been a part of this newsletter since Edition #1, thank you for engaging week after week. And to the new readers who have joined our community in the months since, thanks for taking your agent friend’s advice to subscribe. Over the past year we’ve had a blast putting together the best edutainment content in real estate, and we’re grateful for every reader, viewer, and follower along the way.
Enough about us… Check out this week’s biggest tips, takes, and headlines 👇
🔊Today’s Top Podcast Rec:
For Jade Mills, Coldwell Banker’s #1 agent worldwide with $9B in sales to date, there is no better business asset than name recognition. Learn how she built her incredible, three-decade career through hundreds of B&W posters, countless co-listings, and multiplying every referral.
TRACK THE TRENDS
MARKETS
Best to Buy Week: Sept 29th to Oct 5th
Historically, the last week of September to the first week of October has marked the golden window of homebuying opportunity for searchers ready to make a move. In years past, this short period, tucked between the rush of back-to-school season and the frenzy of the holidays, has offered buyers a balanced mix of market conditions, like softening prices, growing inventory, cooling competition, and decreasing interest rates.
As Realtor.com predicts:
-
The first week of October this year may see an active listings boost of up to 37% compared to the start of 2024.
-
Compared to peak summer prices, buyers can see savings of $14,000 or more, as competition decreases and sellers are more open to negotiations.
-
Mortgage rate improvements coming later this month may continue to add compounding savings for non-cash buyers.
-
Demand is likely to be nearly 30% lower during the Best to Buy Week, compared to peak summer showing season, and 14% lower than the average week.
REC ROUNDUP
The Friday Five
📖 Kitchen refresh. Paige transforms a simple kitchen nook into a sun soaked Gingersnap dream.
👀 Straight from MDLLA. Denise Richards and Josh Flagg show off an iconic LA mansion.
👀 Quarter-mil L. What Ben Affleck and Jennifer Lopez stand to lose on their just-listed lavish home.
💡Being bulletproof. The fighter mentality that keeps Tracy Tutor competitive.
💡The Inspection Period. From bartender to best in the Southwest, watch for George’s remarkable career story.
WHAT’S NEW FROM ESTATE MEDIA
James & David Talk Q4 Housing Market Predictions
So far, the NAR post-settlement rules haven’t significantly impacted how James Harris and David Parnes do business—other than increasing the stack of paperwork for their 35 current luxury LA listings. In fact, as James and David share in this mini episode of Rise Above the Ranks, many sellers are choosing to proactively offer a buyer-agent commission of 2.5% or more to make the listing more competitive.
What’s more interesting—and more likely to significantly impact the market later this year—is interest rates. Tap to hear the full conversation on NAR rules, interest rate cuts, and negotiating your commission as a new agent.
FEATURED LUXURY LISTING
Estate Elegance. Your daily dive into luxury real estate. Everyday.
Homes.tastrophes. Unique, weird, and wild real estate. Every Monday
The Blueprint. Stay up-to-date on the world of residential real estate. Powered by James Harris & David Parnes. Every Tuesday and Friday.
The Glennda Gazette. Real estate, real life, in real time. Every Wednesday.
The Playbook. Your ultimate guide to mastering real estate investing. Every Thursday.
WAS the Newsletter. Explore interior design advice and inspiration. Every Friday.
Put your best profile forward with a Homes Pro membership—and show up where (and when!) ready-to-move home searchers are looking. Tap the photo above to learn more about amplifying your real estate brand with premium tools, priority visibility, and enhanced exposure across the internet with Homes.com.
Before we go…
ESTATE RECOMMENDED RESOURCES
📣WANT TO REACH 100K+ REAL ESTATE PROFESSIONALS RIGHT IN THEIR INBOX?
Promote your brand with Estate Weekly and get noticed by the leading professionals in the real estate industry. Our subscribers include high-income decision-makers, investors, and key players in the real estate sector. For more information, please email partnerships@estatemedia.co.
![WAS [the newsletter]](https://estatemedia.co/wp-content/uploads/2024/10/was-the-newsletter-min.jpg)
