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](https://images.law.com/contrib/content/uploads/sites/392/2023/03/Jaime-Sturgis-Vert-202303231635.jpg)
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.