NerdWallet: January, February prime months to purchase a home
Research using realtor.com data indicates that buyers would be wise to find a deal now
- Ready to become a homeowner? Nerdwallet and Realtor.com Chief Economist Jonathan Smoke say January and February are the best months to purchase a home.
- The median home sold in January sold for $7,003 less than the listing price, and home sales drop by 47 percent.
- Smoke says another reason buyers should act now is an upcoming hike in mortgage rates, which are expected to reach nearly 5 percent.