Buying a house in winter can be a wise move. The so-called “off season” bestows some very real benefits for those who are looking for a new place. These may include everything from less competition (and bidding wars) to faster closing schedules.
Housing prices were heading downward in key markets, as interest rates climbed and real-estate inventory became somewhat more plentiful. That pointed to the winter ahead being a good time to bundle up and rev up a home search.