Credit: bilanol/Adobe Stock The Fed Lowered Interest Rates, But Cuts May Not Be Enough To Boost Florida Real Estate
As many celebrate the central bank's decision, local real estate experts are still waiting for more, as the sector continues to be bogged down by higher prices and wary buyers.
September 20, 2024 at 12:18 PM
3 minute read
Real Estate
What You Need to Know
- With interest rates now lower, South Florida's real estate sector is hoping for further cuts to help boost activity.
- Although the aggressive cuts sent optimism throughout the market, other issues present in Florida are causing distress.
Earlier this week, the U.S. Federal Reserve announced an aggressive interest rate cut, boosting general optimism throughout the markets.
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