Is Now Time To Buy A Miami Condo As Mortgage Rates Drop To October 2024 Levels?
Expert Peter Zalewski of the Miami Condo Market Investing Club™ will discuss the impact of the latest mortgage rate trends on condo sales at the next Monthly Meeting on Wednesday, April 9, 2025.
In the aftermath of President Donald Trump’s newly imposed “Liberation Day” tariff strategy announced on April 2, 2025, interest rates for 30-year-fixed mortgages have dropped to 6.55 percent, a level not seen since October 2024.
Prior to Trump’s tariff announcement, mortgage rates stood at about 6.75 percent.
The 20-basis point decline in the two days after the announcement means mortgage rates are now about three percent cheaper for condo buyers.
A hyperlink for the April Monthly Meeting of the Miami Condo Investing Club™ at Noon (EST) on Wednesday, April 9, 2025, is provided below behind the paywall.
Rates could fall even further in the days and weeks ahead given the stock market selloff that is underway as a result of the tariff strategy.
At the time of this writing at 3 pm EST on Friday, April 4, 2025, the Dow Jones Industrial Average, the S&P 500 and the NASDAQ indices are all down more than five percent for the day. This is in addition to more than three percent losses in all three indices on Thursday, April 4, 2025, according to CNBC.
Adding to the downward pressure on interest rates, a growing number of economists are raising the proposition that the U.S. economy could be in a recession as soon the second half of this year.
This raises the question, is this the time to buy a condo in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach?
Expert Peter Zalewski of the Miami Condo Investing Club™ will discuss mortgage rates and the latest South Florida condo market trends, opportunities and pitfalls at the April Monthly Meeting scheduled for Noon (EST) on Wednesday, April 9, 2025.
Zalewski - who is a former business journalist, Wall Street consultant, expert witness and licensed Florida real estate buyside broker - is frequently quoted in local, national and international news stories about the South Florida condo market.
The Club’s March Monthly Meeting is your opportunity to listen to Zalewski’s 60-minute-long presentation and ask questions during the 15-minute Questions and Answers session that will follow.
A video copy of the presentation will be available for viewing afterwards.
The Monthly Meeting is exclusively for Club members. If you are not yet a member, you can join the Club on a monthly basis for $39.99 with this link.
A private link for the April Monthly Meeting is available at the bottom of this report behind the paywall. Additionally, a private link will be emailed to subscribers on Tuesday, April 8, 2025, before the Monthly Meeting on Wednesday, April 9 2025.
The objective of the Club is to create a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida.
Besides real estate professionals, developers and lenders, the Club is also ideally suited for Do-It-Yourself (DIY) condo buyers and real estate agents, alike, who can utilize our latest statistics, expert opinions and access to consulting services.
All of the Club’s preferred vendors have also been invited to the event, including:
Veteran title expert Clarita Rosa of Miami-based Candor Title & Closing Services;
Permit and planning expert Anne-Christine Carrie of Miami 21 Zoning & Entitlements;
Construction contractor Andres Alvarez Murcia of 3A Quality Services Construction And Remodeling;
Wholesaler Jose Suarez of Global Inventory Liquidators;
And veteran lender Grant Stern of Morningside Mortgage Corp.
It is worth noting that all of the Club’s Monthly Meetings are scheduled to be held at Noon (EST) on the second Wednesday of every month. Here is the schedule for the 2024-25 South Florida Winter Buying Season:
Besides access to all reports, charts and Monthly Meetings, the Club also hosts regular MeetUp events for members to talk shop, pitch their services and discuss the latest trends they are witnessing in the trenches of Miami’s volatile condo market.
The next MeetUp event is scheduled from 5.30 pm to 8 pm Tuesday, April 15, 2025, in Hallandale Beach in Southeast Broward County.
As with the Monthly Meetings, the Meetup events are exclusively for members of the Miami Condo Investing Club™.
For those wanting even more access, the Founders Club membership offers Text/WhatsApp/email access to Peter Zalewski, an hour of consulting ($700 value) and an invitation to all of the Private Lunch Seminars with experts to discuss the latest condo trends and topics.
We crunch a lot of statistics each week and then publish the results byway of a series of reports posted on MiamiCondo.Club.
If you want the reports emailed to you, just sign up for the Miami Condo Market Intelligence Report With Peter Zalewski™ newsletter at: MiamiCondo.Club
Additionally, we encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube.
As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006.
If you are seeking information on condo resales in South Florida, please visit CondoVulturesRealty.com or call the office at 305.865.5859.
The views and opinions expressed in this report are for general informational purposes only. It is believed to be accurate and complete based on current market trends but cannot be guaranteed or warranted as circumstances change without notice. It should not be considered as financial, legal, tax or investment advice. This content should not be relied upon as the sole basis for making any financial decisions. Before making any investment or financial decisions, you should consult with a qualified professional to determine the suitability of any investment or strategy for your individual circumstances and goals.
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