What Would Cassidy Buy? Is It Time to Purchase That City Condo You've Always Wanted?

In real estate investing, it's all about being an opportunist. Asset classes don't always move at the same speeds or in the same direction. Multifamily real estate could be up when condos are down, single-family homes are flying off the shelf while commercial retail has stayed steady. Right now, we are seeing some great opportunities in the condo space in Washington, DC. Even though interest rates are really affecting affordability, they're causing some significant price reductions and decreases in the DC condo market. That's where the opportunity lies. When sellers start to become scared and see high Days on Market (DOM), sometimes they will accept a lower offer.

So get out there, tour some condos that you want in your portfolio for the long term, and start making some offers.

Here are 5 options in NW DC that I think are already priced well and have long-term value.

Happy investing!