Blog
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Buyer Activity Is Up Despite Higher Mortgage Rates
Published 12 months agoShowing Traffic Equals Buyer Activity If you’re a homeowner thinking about making a move, you may wonder if it’s still a good time to sell your condo or house. Here’s the good news. Even with higher mortgage rates, buyer activity is actually picking up speed. Data from the latest ShowingTime Showing Index, which is a measure… read more
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We’re in a Seller’s Market. What Does That Mean?
Published 1 year agoExactly What Is a Seller’s Market? Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of condos and homes for sale is still a sellers’ market. But what does that really mean? And why are conditions today so good if you want to… read more
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Have You Considered Adding Condos to Your Home Search?
Published 1 year agoReasons To Consider Condos in Your Home Search Are you having trouble finding a home that fits your needs and your budget? If so, you should know there’s an option worth considering – condominiums, also known as condos. According to Bankrate: “A condo can be a more affordable entry point to homeownership than a single-family… read more
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Taking the Fear out of Saving for a Condo or Home
Published 1 year agoIf you’re planning to buy a condo or home, knowing what to budget for and how to save may sound scary at first. But it doesn’t have to be. One way to take the fear out of budgeting is to understand some of the costs you might encounter. And to do that, turn to trusted… read more
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What You Should Know About Closing Costs
Published 1 year agoHow to Plan Ahead for Closing Costs Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the extra fees they have to pay. To ensure you aren’t caught off guard when it’s time to close on your… read more
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Pre-Approval in 2023: What You Need To Know
Published 1 year agoPre-Approval in 2023: What You Need To Know One of the first steps in your condo or home-buying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: “In a preapproval [sic], the lender tells you which types of loans you may be… read more
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Mortgage Rates Are Dropping. What Does That Mean for You?
Published 1 year agoMortgage Rates Are Dropping. What Does That Mean for You? Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and… read more
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You May Have More Negotiation Power in Today’s Condo Market
Published 1 year agoDid the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know the hyper-competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean you may see less competition from other… read more
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3 Trends That Are Good News for Today’s Condo and Home Buyers
Published 1 year agoWhile higher mortgage rates are creating affordability challenges for condo and homebuyers this year, there is some good news for those people still looking to buy a home. As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are 3 trends… read more
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Do You Believe Homeownership Is Out of Reach? Maybe It Doesn’t Have To Be.
Published 1 year agoIt turns out, millennials aren’t the renter generation after all. The 2022 Consumer Insights Report from Mynd says there’s a portion of millennial and Gen Z buyers who are pursuing homeownership as a way to build their wealth, but it may not be exactly the way previous generations have done it. The study explains how… read more