Shawn Senecal's Porchlight Perspectives | La Rosa Realty Central Florida | Realtor® Blog

🏡  Should You Wait for Mortgage Rates to Drop Before Buying? By:  Shawn Senecal, REALTOR® Porchlight Perspectives |  homesbyshawn.realtor If you’ve been sitting on the sidelines waiting for mortgage rates to drop, you’re not alone. Many buyers are hoping for a return to the ultra-low rates of 2020–2021—but here’s the truth: That market isn’t coming back. The Federal Reserve has made it clear: the fight against inflation isn’t over, and  rate cuts aren’t guaranteed anytime soon . Even with inflation softening, the Fed has signaled a “higher for longer” approach. As of now,  rates are hovering in the high 6% to low 7% range , and most forecasts suggest only modest improvement through the rest of 2025. So the question isn’t just  “Should I wait?” It’s really:  “What am I giving up by waiting?” ⏳ What Happens If You Wait? 1. You Might Face Higher Home Prices While rates have fluctuated,  home prices have not dropped significantly  in Central Flo...

📊 June 2025 Market Update: Cooling Momentum & Steady Prices in Greater Orlando Infographic Provided by the Orlando Regional REALTOR® Association The June 2025 real estate data is in for the Greater Orlando area, and the story this month is one of  seasonal slowdown, steady pricing, and cautious buyers . While inventory remains strong and mortgage rates have edged down slightly, buyer activity and new listings both saw notable drops. Here’s a quick look at what happened—and what it means for Central Florida homeowners and buyers. 🏠 Inventory & Listings: Fewer New Homes Hitting the Market Inventory dipped slightly  to 13,793 homes, down 1.2% from May New listings fell 8.4% , with 3,854 homes hitting the market (down from 4,208 in May) Compared to last June, inventory is  up 27.8% , giving buyers more choices overall 🛑  Fewer new homes for sale could reflect seller hesitation or price sensitivity in the market. 💸 Pricing: Holding Steady at the Median The...