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It’s a buyer’s market in South Florida, but that may not last for long into the new year.
In 2025, the local real estate market was soft, with high insurance costs and mortgage rates, uncertainty in the condo market and demand that’s continuing to cool following pandemic-era highs.
But the Federal Reserve has been cutting interest rates, and mortgage rates are expected to drop in the new year, too. Lower interest and mortgage rates will mean more people will be interested in buying, driving up competition and prices, which may give the advantage to sellers.
