November Market Update

Monthly market update for November. Well, looking back at the last month or so, we’ve seen a little bit of a slide in prices. Where we are feeling this is actually largely on our appraisals for refinances. Compared to some of the numbers we were able to pull in the summer, we have seen a pretty drastic drop in some of the numbers. I think appraisers are starting to be a little bit more conservative. 

But again, how we help with that on the financing side, we meet the appraisers there, we talk about a few comps, we try and guide them in the right direction in terms of the prices that we need to get the things done. On the leasing side, we are busy writing the student rentals. If you own one and wanna chat more about that and what we’re doing and how we can help, please do reach out. Rents are still strong there, really strong demand. We are hoping to have most of our leasing tied up before Christmas. 

On the sales side, we still see a few things a little bit slower moving, especially in the condo market. We’re expecting things to probably turn around with lower interest rates, but still, sellers beware and be patient. On the buying side, lots of opportunities. We are now getting into the sweet spot for investment. So if you are keen on making a play for an investment property purchase this year, now would be the time to reach out. 

If you do have kids that are looking into housing and you wanna buy something for them instead of paying us $1,200 a month, then you should reach out. 

Anyways, outside of that, we are giving away some stuff! Check out further down in the newsletter for more of what’s going on including pictures with Santa. See you next month!