South Florida’s housing market may see a lot more cash buyers than other regions, but it remains sensitive to mortgage rate changes. The market has stabilized as borrowing rates have been dropping since the spring.

It means the regional real estate market has plenty at stake with this week’s meeting of the Federal Reserve’s Open Market Committee, the group which decides the Fed’s short-term interest rate and influences all kinds of borrowing rates. The group will make its announcement Wednesday, just after 2 p.m. Eastern time.

The Fed is expected to cut its target rate by one quarter of one percent. It would be the central bank’s third rate cut this year. The Fed first cut interest rates in September after cutting rates three times in 2024.

The pace of home and condo sales increased in

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