Avoid Competition and Secure Your Dream Home Early

Buying a home before spring can be a smart financial move—especially in today’s market. With mortgage rates still elevated and home inventory historically low, waiting for the traditional spring rush could mean facing increased competition, higher prices, and fewer choices. At Thompson Kane, our loan officers can help you secure financing now, positioning you to take advantage of today’s market before conditions shift further. 

Why Buying a Home Before Spring Makes Sense

1. Lock in a Mortgage Before Rates Shift Again

Mortgage rates remain high compared to the record lows of previous years, but future rate movements are unpredictable. While many buyers hope for rate cuts in 2025, waiting too long could be risky—if rates drop, more buyers will flood the market, driving up competition and prices. By securing your mortgage now, you can protect yourself from potential market swings. If rates do decline later, refinancing could be an option.

2. Take Advantage of Slower Market Activity

Spring is traditionally the busiest season for real estate, with increased buyer demand pushing up home prices and intensifying bidding wars. Right now, market activity is slower, meaning sellers may be more willing to negotiate on price, closing costs, or other terms. Acting before demand spikes gives you the upper hand in negotiations.

3. Home Prices Are Trending Upward

Despite slower market activity in late 2024, home prices have continued to rise. The CoreLogic HPI Forecast projects a 4.1% year-over-year increase in U.S. home prices by December 2025. Some regions, like the Northeast and parts of the Midwest, are already experiencing significant appreciation due to low inventory. If you wait until later in the year, you may find yourself paying more for the same home.

4. Inventory Challenges Will Persist

Housing supply remains tight, and new home construction is facing delays due to rising material costs—exacerbated by factors like proposed tariffs and recent natural disasters. While some markets are seeing gradual inventory improvements, competition for available homes will intensify in the spring. Acting now gives you more options before selection becomes limited.

5. Move on Your Timeline—Not the Market’s 

Buying a home before the peak season allows you to move at a comfortable pace rather than rushing through decisions due to intense market competition. You’ll also have more flexibility when scheduling inspections, securing financing, and handling the closing process without feeling pressured by multiple competing offers.

Plan Your Pre-Spring Home Purchase with Thompson Kane 

Navigating today’s market requires financial expertise, and that’s where we come in. At Thompson Kane, our experienced loan officers can help you assess your mortgage options, lock in a competitive rate, and make a strategic move before the spring rush. Whether you’re a first-time buyer or planning your next home purchase, we’re here to guide you every step of the way. Contact us today to discuss your mortgage options and get pre-approved before the market heats up!