08/21/2024
Why now is the perfect time to buy your furniture?
Not after one or two months, and this is why
First and foremost
Why furniture has become so expensive?
In short, manufacturing furniture is an expensive process that requires lots of moving parts and high quality materials. And, you might have noticed, most furniture isn't small. Shipping alone is a costly endeavor that's going to hurt your bottom line. That's why many companies also charge a shipping and delivery fee.
Why now is the perfect time!!
The furniture industry is cyclical, so as brands move old stock to make room for new stock, there are certain times of the year when you can snag a deal
The best time to buy furniture for the biggest discounts is late August, to elaborate as the economy is moving forward and there is high expectation the interest rate will be lowered, this might happen in September where it will trigger lower interest mortgages and end up boosting the real estate market and end up lowering the housing prices, you might ask but there is a shortage for houses and they are already expensive to buy, this as its true to be again its due to the high interest rate.
Investors so, developers and contractors pause building new unites as it will cost them much higher than few years ago due to inflation, and expectation of low demand from the public whom cannot afford to pay very high interest rate on their mortgages so in nutshell the situation is, high interest and inflation cause investors and developers to pause building new units, which in itself soar the current limited housing market prices up.
What is the connection between the housing market and furniture prices!?
The more units built the more furniture is sold to fill up these units , so the demand on furniture will significantly improve and will trigger high demand , with limited production capacity you got to expect higher prices in month or two and beyond!!
