Treu Group Real Estate Weekly Tips 6/11/25

Episode Transcript

Speaker 1 (00:00):
It is time for your true real estate nine to
one to one MIDWEK update with your local real estate
pro Lisa True Lisa. We know that we're into a
buyer's market, most especially in the condo market, so that
presents opportunities for buyers some real challenges for sellers. What
should everybody in that conversation be doing?

Speaker 2 (00:19):
Yes, Brian, I've been sharing that we've been in a
strong buyer's market in condos, with an average of ten
months supply of condos, and in some condo buildings it's
as high as sixteen to twenty month supply. Now, the
reason behind that, we've mentioned insurance, but it's even bigger

(00:43):
than that in some buildings. Some buildings have actually made
their way into the Fanny May Do Not Lend list.
Now that sounds terrible, however, the reason behind it is
most of the buildings that are on that list have
an insurance deductible higher than Fannie May is comfortable with.

(01:03):
It might and probably will be a temporary issue for
the next maybe couple of years, until this all gets
maybe softened a little bit with the insurance issue. Now,
it's not all lost for buyers. This is actually great news.
They can still get a loan a non conforming loan.
It's about a half a point higher.

Speaker 3 (01:25):
So it's not devastating. However, sellers, because of the market
most sellers, if they're smart, are willing to pay to
buy down that rate.

Speaker 1 (01:35):
This just shows why it's so important to have the
expertise of the True Group working for you. These situations
can be complex. The truths they understand it, so you
don't have to worry about knowing what to do. Get
in touch with the truths today call five to six
to one nine seven, two eighty three, twenty six, visit
True real Estate nine to one one dot com, or

(01:57):
just google True Group that's tru Group.