Deciding when to buy is just as important as what to buy. Today’s market conditions create a rare opening for buyers in Palos Verdes:
 
- Lower competition: Many buyers are sitting on the sidelines, waiting for rates to drop further.
- More negotiating power: Sellers are more flexible, and many homes are selling under asking.
- Rates already trending down: The average 30-year mortgage has eased from 7%+ highs to around 6.5%, creating immediate monthly savings.
- Fed rate cuts expected: With leadership changes at the Federal Reserve, experts predict multiple cuts by spring, meaning a wave of buyers will likely re-enter.
 
The best opportunities often come when fewer people are looking.

Many buyers are asking the same question: Is it better to wait until spring when rates might drop further?

Here’s the reality:

- Buying now means less competition and more leverage.
- Homes that are selling under asking today could be part of multiple-offer bidding wars in a few months.
- You can always refinance later if rates drop more than expected.

For the right buyer, acting now could mean securing a Palos Verdes home at a price you may not see again once demand rises.