Newly Built Home Prices Hit a 5-Year Low

Written by Condotel Financing Florida Syndicated User on May 22, 2026. Posted in Affordability, Buying Tips, Condotel Financing Florida, Condotel Mortgage Financing, First-Time Buyers, Florida Condotel, For Buyers, Mortgage, New Construction.

If you’ve always assumed a newly built home is just not in your budget, you should know the math just got a little friendlier.The median sale price of a newly built home is now at its lowest level since 2021, according to the latest data from the Census. And on top of that, builders are still rolling out incentives to bring buyers through the door.Here’s what’s happening, and what it means if you’re shopping right now.Prices on Newly Built Homes Have Come DownAfter a steep climb during the pandemic years, prices have eased a bit. The median sale price of newly built homes...

Could Co-Buying Be the Answer for Some First-Time Buyers?

Written by Condotel Financing Florida Syndicated User on May 10, 2026. Posted in Affordability, Buying Tips, Condotel Financing Florida, Condotel Mortgage Financing, First-Time Buyers, Florida Condotel, For Buyers, Mortgage.

For a lot of would-be first-time buyers, affordability is the thing that’s standing in the way. But some buyers are getting creative and finding a way to still make the numbers work – and that’s through co-buying. The Dream Is Still Alive. The Math Just Isn’t Working for Everyone.Young people haven’t given up on the dream of owning a home – not even close. According to FirstHome IQ, homeownership still ranks among the top life goals for the next generation.The problem? 73% of Gen Z and millennial buyers cite affordability as the reason for not making homeownership a priority. And it...

4 Ways To Give Your Offer an Edge This Spring

Written by Condotel Financing Florida Syndicated User on May 10, 2026. Posted in Buying Tips, Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, For Buyers, Mortgage.

Looking to buy a home this season? Here’s what you should know. Buyers have more leverage today than they’ve had in years. There are more homes to choose from and, in many areas, sellers are more open to negotiation. But that doesn’t mean competition is gone completely. These days, it varies a lot depending on where you’re hoping to move. If you’re buying in a popular neighborhood, or in a market where there aren’t many homes for sale, you may still find yourself competing with another buyer.And that’s especially true in the Spring. Here’s how to stay one step ahead of any...

Think You Have To Put 20% Down? Most First-Time Homebuyers Don’t.

Written by Condotel Financing Florida Syndicated User on April 28, 2026. Posted in Affordability, Buying Tips, Condotel Financing Florida, Condotel Mortgage Financing, First-Time Buyers, Florida Condotel, For Buyers, Mortgage.

According to Google Trends, online searches for down payment information recently hit an all-time high. And that’s a clear sign more buyers are trying to figure out what they really need to save before making a move (see graph below):If you’re wondering the same thing, you can always turn to the internet for answers. But a lot of the time, it’s better to ask a local expert. Because here’s what a pro would tell you.The 20% Down Payment MythThe idea that you need 20% down to buy a home is one of the biggest misconceptions around the homebuying process. And the data debunks the myth.While...

Getting a Tax Refund? Here’s How It Can Help You Buy a Home

Written by Condotel Financing Florida Syndicated User on April 16, 2026. Posted in Buying Tips, Condotel Financing Florida, Condotel Mortgage Financing, First-Time Buyers, Florida Condotel, For Buyers, Mortgage.

If you’re getting a tax refund this year, here’s something worth thinking about. That money could actually help you get closer to buying a home.It may not be something you’ve factored into your plan yet, but it can give your savings a nice boost right when you need it most. And whether your refund is a few thousand dollars or more, there are some smart ways to put that money to work as you get ready to buy.Your Refund May Be Even Bigger This YearLet’s start with the good news. People are getting even more money back in their refunds than they did last year. The visual below uses data from...

When Buying a Home Feels Out of Reach, Some Families Do This Instead

Written by Condotel Financing Florida Syndicated User on April 10, 2026. Posted in Affordability, Buying Tips, Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, For Buyers, Mortgage, Senior Market.

For a lot of people, the math on buying a home just doesn’t really work right now. Maybe that’s how it feels for you too. You look at the cost of buying. Then you look at the cost of childcare. And it starts to feel like you have to choose one or the other.But some families are finding a way to make both work by doing something a little different: teaming up to purchase a multi-generational home.One Reason This Is Becoming More CommonIt’s no secret that affordability has been a challenge in recent years. But for families with young kids, there’s an added layer that can make it feel even...

Thinking About an Adjustable-Rate Mortgage? Here’s What You Need To Know.

Written by Condotel Financing Florida Syndicated User on April 9, 2026. Posted in Buying Tips, Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, For Buyers, Mortgage, Mortgage Rates.

If you’ve been looking for a home lately, you’ve probably felt how tough affordability still is. And that’s exactly why more buyers are opting for adjustable-rate mortgages, or ARMs.Here’s what you need to understand about how they work, and whether they make sense for you.What Is an Adjustable-Rate Mortgage?Since a lot of people aren’t familiar with this type of loan, let’s start with a definition. This is how Business Insider explains the main difference between a fixed-rate mortgage and an adjustable-rate mortgage:“With a fixed-rate mortgage, your interest rate remains the...

Before You Fall in Love with a House, Do This First.

Written by Condotel Financing Florida Syndicated User on April 3, 2026. Posted in Buying Tips, Condotel Financing Florida, Condotel Mortgage Financing, First-Time Buyers, Florida Condotel, For Buyers, Mortgage.

Be honest. Have you started looking at homes online yet? If you have, it’s already time to get pre-approved. Because here’s what not enough people know.If buying a home is on your radar – even if it’s more of a someday plan than a right now plan – you don’t want to wait until later on in the process to tackle this step.No matter what you’ve heard, pre-approval isn’t about commitment. It’s about clarity.And here are the two big ways pre-approval sets you up for success. You Know Your Numbers Up Front During the pre-approval process, a lender will walk through your finances and tell you what...

You Can’t Control What’s Happening with Mortgage Rates. But You Can Control This.

Written by Condotel Financing Florida Syndicated User on March 26, 2026. Posted in Buying Tips, Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, For Buyers, Mortgage, Mortgage Rates.

Mortgage rates have been volatile lately. And if you’re thinking about buying a home, that can make it harder to plan. But there are still things you can do to get the best rate possible in today’s market. It starts with having the right information.So, what’s causing the bumps in rates? And what can you do about it? Let’s break it down.Mortgage Rate Volatility Is NormalData from Freddie Mac shows the recent volatility. After trending down for well over a year, there was a rise this month (see graph below): While it’s easy to be distracted by the changes, here’s what you need to...

3 Must-Do’s for First-Time Home Buyers

Written by Condotel Financing Florida Syndicated User on March 19, 2026. Posted in Agent Value, Buying Tips, Condotel Financing Florida, Condotel Mortgage Financing, Featured, First-Time Buyers, Florida Condotel, Mortgage.

Buying your first home is exciting, but it can also be a little nerve-wrecking because it’s something you’ve never done before. And trying to think of everything you need to do can feel like a lot. But here’s the key.You don’t have to figure everything out on your own. And you don’t have to do it all at once. Just tackle it one thing at a time.Here’s a simple list of 3 main things you should focus on to help you get started.1. Assemble Your Team: Don’t Do This AloneBuying a home is a team sport. And having the right professionals by your side can make a world of difference. Here’s who you...

Category: Buying Tips