South Florida home sales plunge in May, as prices continue rising

To combat record inflation, the fed is raising interest rates for the second time this year. It’s having a direct impact on the mortgage industry, including here in South Florida. During the peak days of the pandemic, as fast as a house would go on the market, offers would come pouring in. “If you’re buying a home (today), you’re in a really good spot to not have multiple offers and the craziness that we’re used to seeing the last two years,” said Tequesta real estate agent Holly Meyer Lucas.

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