Snapshot: Florida Real Estate Optimism Hits Post-Rate Cut
Real estate–at least in Florida coastal markets, could start booming before too long.. Fed rate cut by 0.25%, the first since December, 2024; markets expect up to two more cuts this year. Refinancing demand surged almost 60%, showing homeowners quickly chasing lower borrowing costs. Historically, one-point mortgage rate drop can lift home sales 6–15%, potentially adding 500,000 to annual sales. Luxury homes see 80–85% cash buyers, yet rate cuts still…
