Lower interest and mortgage rates will mean more people will be interested in buying, driving up competition and prices.
South Florida’s real estate market — especially condos — is giving buyers more leverage right now, with conditions softer than before and more room to negotiate. The outlook could shift again if interest and mortgage rates drop, because cheaper financing would likely bring more buyers back into the market, increasing competition and pushing prices upward, which would reduce today’s buyer advantage. For more information click here.
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