The recent changes to mortgage lending practices where buyers have to qualify for higher mortgage rates even if the actual mortgage they get today is at a lower rate could help the south end market.
Since these new measures, referred to as the "stress test", could potentially force some buyers to adjust their purchases to a lower price level, these buyers may consider the south-end inventory of town homes and condos as a viable option.
We at the Vani Team have been watching the home sales activity here since 1999 and would be pleased to discuss the current market with you.
Call us for a confidential chat!
Paul and Eric Vani