Here is a real estate prediction worth listening to. My friend Jordon Scrinko of Precondo is one of the great resources in the space who provides solid and objective analysis of the condo space. Back in December of 2020 when we were in the thick of lockdowns, the condo market was at an all time low and no one was buying except a few brave souls. Jordon made a very contradictory prediction...
A lot of chatter about rate hikes in 2022, the narrative seems to change week to week, however let’s assume rates will not stay this low forever. The common and logical line of thinking is that when banks raise their prime rate homeowners with variable rate mortgages will see their monthly payments increase based on the increase in prime rate. What happens to the monthly payment varies on which...