This simple condo buying strategy will save you $100,000
Until May, home buyers with a 2017 pre-approval will have an unfair advantage. Don’t make an offer on a home until May 1st.
All in Forecast
This simple condo buying strategy will save you $100,000
Until May, home buyers with a 2017 pre-approval will have an unfair advantage. Don’t make an offer on a home until May 1st.
The consensus seems to be that 2018 will experience a drop in detached home prices while condo prices rise.
You will need to qualify for a 6.25% 5-year fixed mortgage by the end of 2019. The actual rate is forecast to be 4.25% but federal rules require lender apply a 2% stress test.
The consensus seems to be that 2018 will see more price gains than 2017, and that detached house prices will stay relatively flat while condo prices rise continue to climb.