Each month, Dream Builders Realty shares these market updates as a way to provide home buyers and sellers with insight on what is happening in the real estate market in Central Florida. By using this information as a starting off point, you will be more prepared when it does come time to talk with a Realtor®.

We hope our monthly Central Florida real estate market updates (including our December 2014 real estate market update) help with your real estate needs when it comes to buying or selling your next home in Central Florida.

The first month of 2015 is over and we are heading into February. This means we have 3 Central Florida events for you to check out, a few of which allow you to enjoy the practically perfect weather we've been having here lately. We're pretty sure our friends and family in the north are jealous anytime they take a look at pictures shared on Facebook or Instagram by us Floridians. But these events (and our weather) are just another reason why Florida is one of the best places to call home.

Aside from what it means for our national economy as a whole, the Fed’s “patience” could be good news for home buyers.

Interest rates on home loans were expected to increase this spring, but it appears those rates will likely remain stable following the Federal Open Market Committee’s decision Wednesday to hold the line on interest rates.

That’s good news for potential homebuyers. On a $100,000 loan at an interest rate of 4.5 percent, the homeowner would have monthly payments – without taxes and insurance – of $506.69. If interest rates rose from 4.5 percent to 4.75 percent, those monthly payments – without taxes and insurance – would rise to $521.65. The higher interest rate would mean a higher monthly payment of $14.96 and $5,386.33 in interest over the life of a loan.