First-time buyers turn focus to townhomes and apartment-style condos

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Edmonton’s resale real estate market is experiencing a different kind of recovery after a short-lived dip in activity over the last several months resulting from rising interest rates.

Statistics for May from Realtors of Association of Edmonton reflect the surge in demand for apartment and townhomes.

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It’s an indication demand remains strong, says Melanie Boles, RAE chair and local realtor.

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“We still have the buyers, but buying power is down,” she says. “But overall, the market is really just now catching up to our predictions from the start of the year.”

Boles is referencing RAE’s forecast for 2023 that predicted buyers would gravitate to less pricey housing types from the traditionally popular single-family detached home segment.

In May, this trend

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Central San Diego Actual Estate Market ? Mid-12 months Snapshot Of Median Costs (2006) ? Condominiums And Townhomes

Real EstateLearn the newest information about residential and business actual estate within the Seattle area and Pacific Northwest. Before you invest your cash in to a sure country, you must try to learn the whole lot there’s certainly to understand about that nation. This will assist you decide precisely how viable the house will probably be within the foreseeable future. Know about the nation’s economic system, its government stability, climate, and all within the pertinent specifics of the individuals who dwell there. Your aim is at all times to create a picture mentally of the objects the united states might resemble in five or ten years, with the intention to consider which the finance trade is gonna be doing at that point.

Throughout the pre-approval process, the mortgage firm does practically all of the work related with acquiring full-approval. Since there is no property but identified to purchase, nonetheless, an appraisal …

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