DELRAY BEACH, Fla. -
Dec. 20, 2018 -
PRLog -- The Federal Reserve announced that an interest rate hike will take place to stabilize housing market inflation. This change will impact buyers and sellers in Florida.
"The interest rate hike will impact the affordability of homes in Florida for buyers and therefore slow down the appreciation of Florida homes. There will likely be more homes for buyers to purchase as well in 2019" said Lisa Treu, Founder of Treu Group Real Estate.
This is the fourth rate increase imposed by the Federal Reserve this year however we are expecting fewer increase in 2019.
Buyers have been frustrated with the increasing prices and lack of inventory with a strong seller's market. With buyer's concern over interest rates, we expect that our spring selling market will begin early. Waiting to buy or sell a home could cost thousands. When interest rates increase buyers have fear about the future cost of their new home.
To learn more about Treu Group Real Estate contact them at 561-352-3056 or visit
https://www.treugroup.com.
Account Phone Number