Many would-be buyers are making a costly mistake by waiting for multiple Federal Reserve interest rate cuts to move forward with residential purchases. These individuals risk completely missing out on the limited supply of available inventory, such as Merrick Manor’s final four remaining condominiums in Coral Gables.
There is no denying that mortgage rates are trending down, with the anticipation of further downward pressure from multiple Fed rate cuts before the end of 2024. In Florida, housing supply levels are also trending downward at a notable rate. What good is waiting for the “bottom” of the current mortgage rate cycle if there is nothing left to buy?
It makes significantly more sense to buy a residence now before inventory completely runs out. You can always refinance a bit further down the line, and based on current projections, mortgage rates could be substantially lower in the next 12-to-24 months.
Those on the sidelines have waited long enough. Move forward with your residential ownership dreams now, refinance later and reap the benefits.
Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor is just steps away from the world-class Shops at Merrick Park and has a Zillow Walk Score of 77, making it “very walkable.”
Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.
For more information about the residences at Merrick Manor, visit our Model Residence 527 on the at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. Open from 11 a.m. to 5 p.m. on Monday through Friday and weekends by appointment.
