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As interest rates continue to decrease, the anticipation of a surge in buyers entering the housing market during the spring becomes increasingly likely. The combination of lower interest rates and the traditional increase in listings during the spring often leads to a substantial influx of buyers. As a result, competition is fierce, driving up prices and potentially leading to bidding wars.

For potential homebuyers, this means that waiting until spring to enter the market may not be the most advantageous strategy. With an expected increase in competition and prices, those looking to purchase a home may want to consider taking action sooner rather than later to avoid the potential drawbacks of a crowded spring market.

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