06/15/2022
Florida is a state different from other states. As over a thousand people daily move to stay in Florida, for retirement, for lower tax rates, or for good weather, better economic development etc........so, in Florida, especially the blooming Central Florida, the slow down/adjustment caused by the increased interest rate just for few weeks to months only. Why? About 3/4 transactions is brought by buyers out of state like California, New York, Oregon, Ohio etc, even out of the country!
NAR Chief Economist Lawrence Yun reacts to today's interest rate increase by the Federal Reserve.