THE FED LOWERS RATES, RAISING YOUR OPPORTUNITIES TO BUY OR SELL.

Milissa Sprecher realtor team

Over the past two years, home and condo prices on Sanibel and Captiva have dropped almost 20%. Couple that with the additional buying power of lower mortgage rates, and what was a cooler housing market is heating up fast!

The Federal Reserve Board’s long, long, long awaited reduction in interest rates is welcome news to every family wanting to purchase a home that comes with a new built-in advantage: more affordability.

Since May of 2024, mortgage rates for a 30-year fixed loan have fallen a full point. According to the National Association of Realtors®, that means someone with a $2,000 mortgage or approval for same can now gain another $50,000 in purchase value — at the same monthly payment.

Looking ahead, the Fed anticipates additional rate drops, although that’s far more speculative than rock-solid reality. Still, down is much preferred to up.

Here in Southwest Florida, and particularly for real estate on Sanibel, Captiva and additional communities, the Fed’s rate reduction is like a third layer of icing on the cake. Over the past two years, home and condo prices on our barrier islands have dropped almost 20%. Couple that with the additional buying power of lower mortgage rates, and what was a cooler housing market is heating up fast!

Meaning NOW is the time to buy or sell — and we love locating or listing your Southwest Florida home, condo or property, residential and commercial. So who ya gonna call?

Make the most of your real estate dreams. Whether looking to buy or sell, look to Milissa Sprecher Realtor® here or Jackson Sprecher Realtor® here.

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