Essentially, these monthly market updates are a way to provide home buyers and sellers with insight on what is happening in the real estate market in our area. When it comes to buying or selling a home in Central Florida, there are many factors that play into when you might want to list your home (or start looking for a home) and at what price you want to list or buy at. 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 October 2014 market update) help with your real estate needs when it comes to buying or selling your next home in Central Florida.

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.