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Why February is the Best Month to Buy a House

February may be among the coldest months, and a month where the fewest home are sold – but it may also be the best month to catch a bargain.

ATTOM Data Solutions looked at the data, and the numbers said: Buy in February; you’ll get the best discount. In fact, eight of the top 10 best days for buying a home were in February, at least between 2000 and 2016.

The average discount for the nearly 3 million homes bought in the US in February in the last 16 years was 6.1%.

The next best month was also a cold weather one, too – January, with an average discount of 5.6%.

It may be cold in Chicago, where the majority of SpringView Investments’ portfolio of more than 180 single-family investment homes are located – but we are, as always, outside looking to buy.

Please see the infographic below.

For more information on why your should consider investing in a professionally managed portfolio of single-family homes, please contact Harold Willig at 917-209-4452 or harold.willig@springviewinvestments.com

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer, and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience. Mr. Willig also ran a consulting practice and provided valuation, analysis, and transactional support services to multi-billion dollar real estate companies. Previously, Mr. Willig served as the Senior Controller and Vice President of Financial Analysis and then the Chief Financial Officer of the Athena Group, a multifamily development company and fund manager.

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