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...

🏡 Orlando Housing Market Update – May 2025 Infographic provided by Orlando Regional Realtor Association.  Click here As we moved into the summer season, the  Orlando housing market in May 2025  showed signs of continued growth, increased inventory, and greater opportunities for buyers. According to the  Orlando Regional REALTOR® Association (ORRA) , this is the  highest inventory level since January 2011 —giving homebuyers more choices than they’ve had in over a decade. Here’s a breakdown of what happened and what it means for buyers and sellers across  Central Florida , especially in growing areas like  Davenport, Winter Garden, and Lake Nona . 📊 Key Market Stats – May 2025 (ORRA) Median Home Price:  $390,000 (Up 1.3% from May 2024) Average Home Price:  $495,763 (Up 2.8% year-over-year) Closed Sales:  2,551 (Down 12.3% from May 2024, but up from April) New Listings:  4,208 (Down 6.6% from April) Total Inventory:  13,957 (Up ...