Search
  • demitryomrin

RISK OF CHASING TRENDS

There has been much discussion on the pandemic causing buyers to look outside of urban regions. Isolation under a lockdown has caused buyers to seek more space as a trade-off against an urban location. While it is important to pay attention to trends, we must be mindful of the fact that it is especially risky to overpay on a trend and become saddled with increasing debt particularly when interest rates are unrealistically low and can only go up at some point in the future regardless of the fact that it may be a few years away. Most buyers have not amortized enough of their loan within a span of a few years in order to whether a significant interest rate increase. Anyone making a real estate purchase today at the height of a trend should have a plan to fall back on for when interest rates eventually rise. #recg #interestrates #realestatemarket #markettrends #commercialvaluations

6 views0 comments

Recent Posts

See All

MARKET UPDATE:

It seems the latest on the residential market just in is that there are less bidding wars and frantic buying as was the case not long ago. Have not seen this manifest into lower valuations as of yet

FEDERAL BUDGET & REAL ESTATE MARKET

There was considerable anticipation leading up to yesterdays Federal budget unveiling. Many expected that the Fed's would resort to some invasive measures in light of the red hot real estate market. A

SELLERS ARE BUYERS & BUYERS ARE SELLERS

There has been much talk as of late about interest rate trends. Interest rates have been temporarily and unrealistically low due to the impact of the pandemic. This has caused a frenzy among both sel