condomarket

In this week's episode of the #BlackHoleOfRealEstate #podcast, Ron is taking a look at the September home and condo sales trends and statistics for the Daytona Beach, FL market area. He'll touch on how the market today compares with this time last year. Ron also spends some time sharing his predictions for what we can expect the real estate market to do in the final weeks of 2023. 

In today's episode, Ron digs deep for homeowners to explain how today's higher home prices and mortgage interest rates are compounding on home buyers and sellers. Ron doesn't just talk about trends, he answers the question of whether selling your primary residence might is a bad idea right now. Also in today's episode, Ron discusses how many real estate investors are repositioning their money amid the changing economic climate. And Ron touches on the suprising tax benefits of selling a home at a loss, and how the right tax strategies can help owners hedge their risks against future costs like condo assessments, insurance hikes, and deferred maintenance. This is information you can USE, so don't miss today's episode of the #BlackHoleOfRealEstate #podcast

The Florida condo market has undergone a LOT. Inflation. Inventory shortages. Devastating storm damage. And yes, the latest reports show condo sales are down. But the market CRASH hasn't come. And today, Ron discusses whether it ever will. Ron also digs deeper on the painful struggles hitting Florida's tourism market and the private vacation rental market. And this week's episode ends with a air deeper explanation of the devastating impacts coming because of the growing condo building insurance and condo owner's insurance crisis in Florida. 

Guest: Tess Kalinowski, real estate reporter

2022 was a roller coaster year in the GTA’s real estate market and, just as we hit a peak, things are now speeding downhill. Falling prices, a lack of inventory and rising interest rates all contributed to the downturn in the market and will continue to be factors moving forward. Don’t fret. There are experts who feel that as the weather warms up, people on the sidelines might start re-engaging in the market.

This episode was produced by Brian Bradley, Sean Pattendon and Raju Mudhar.

Every increase in the BoC's (ie: Bank of Canada’s) benchmark rate should bring sunshine into the life of the aspiring first-time home buyer.

Not so much for some existing home owners. This group is getting snowed under by rising mortgage costs. But if you have hopes of some day owning your own property, then the current rising rate trend is your best friend.

Here's why: The direct benefit of rising rates is higher returns on risk-free savings and investments that can help you reach financial goals like building a home down payment and/or an investment portfolio. Indirectly, rising rates have the effect of depressing house prices. What a huge switch from just  1 year ago, when interest rates on regular savings earned you next to nothing and house prices surged by double-digit amounts month-over-month.

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Is this a good time to buy, or sell, a house or condo in Winnipeg?

Listen to the latest listing and sales stats for houses and condos in Winnipeg and find out.

Condo market conditions across the Daytona Beach area.

Foreclosure bans and what they could mean in the months ahead.

Something to consider with your SBA Loans. 

Ron is discussing these topics and more in this week's #BlackHoleOfRealEstate #podcast

Buying a beach condo and the current condo market conditions. 

Rent it or FLIP it? Is the flip market DEAD?! 

FSBO. Houses are selling fast, so do you actually need a Realtor right now? 

All that and more in this week's #BlackHoleOfRealEstate podcast. 

The year is only just beginning, but there's definitely a lot going on in the real estate market! 

Where are interest rates heading? 

What's expected to happen with inventory levels?

And what about those eviction moratoriums for renters? 

All that and more in this week's BlackHoleOfRealEstate podcast!

Join us as Ron discusses the unusually active condo market around Daytona Beach during July. He also delves into how to have the upper hand in multiple offer situations. And hear a heartwarming story about how local identity theft victims found some extra kindness and a path to home ownership.