With October's real estate market update, Realtors® like myself are seeing home prices take a slight dip, which is something homebuyers will be interested in. You'll also remember that we mentioned interest rates might be on the rise as early as the beginning of 2015, so it continues to stay true that now is the time to buy or sell.

Higher interest rates can have a negative impact on home affordability. They can slow down price increases for sellers while reducing the amount of money a buyer has to spend due to these higher interest payments. Current interest rates are still at historic lows, making it the perfect time to get in the Central Florida real estate market, whether as a buyer or a seller.

Last month, we mentioned that the Federal Reserve is discussing raising interest rates (it may even happen as early as spring 2015) so it continues to stay true that now is the time to buy or sell. Higher interest rates can have a negative impact on home affordability. They can slow down price increases for Sellers while reducing the amount of money a Buyer has to spend due to these higher interest payments. Current interest rates are still at historic lows, making it the perfect time to get in the Central Florida real estate market, whether as a Buyer or a Seller.

It was shared last week that the Kissimmee City Commission recently voted to rezone the north end of Main Street in hopes of revitalizing the area. The biggest change that came out of this rezoning issue was the fact that no new schools would be allowed into the vicinity.