Real Estate prices have gone parabolic in past 2 years due to low interest rates. The Fed has been stepping in aggressively since the beginning of the year to increase rates and put a stop on inflation. In the longer run, this is the healthier alternative since inflation historically is proven to be damaging to economy which we have seen happened in Latin American countries.
The economy overall is still in a healthy place and we are lucky to be in Central Florida since the state has been growing very fast in past 10 years. Investments are growing exponentially with new commercial real estate sites popping up all around the state. New shopping plazas, new hotels, attractions and large of influx of people are still moving to Florida exponentially.
The Fed is scheduled to meet today at 2PM to announce probably another rate hike. It is healthy to balance the current real estate market since the market was tilted too much in seller’s side. We are coming back slowly to a more healthy place where Buyers and sellers should be on equal grounds for negotiations. In the longer run, this is the healthier place to be.
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