For the ninth time in the past year, the Federal Reserve has increased its key interest rate—this time, by 0.25 points to just under 5%, in an effort to bring down inflation.
Native Realty CEO Jaime Sturgis. Courtesy photo
So what does the rate hike mean for South Florida’s real estate market? According to Native Realty CEO Jaime Sturgis, the rate hikes mean they’re not at their peak yet.
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