© 2024 WLRN
SOUTH FLORIDA
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

What Rising Interest Rates Mean For South Florida Real Estate

At the end of June, mortgage interest rates moved into the fours. Psychologically, the jump has given buyers an itch. Rates have surged since the U.S. Federal Reserve began to slow its purchases of U.S. government bonds on which market rates are based. Those purchases have kept interest rates at record lows. What does this mean if you're buying or selling in the local market?

Listen to a conversation between business journalist Karen Burkett and Dr. Ken H. Johnson, professor of real estate at Florida International University, on what this means for buyers and sellers in the South Florida market.

Karen Rundlet worked as television news producer for a long, long time in cities like Atlanta, New York, and Miami. Not once during that period did she ever say words like "action" or "cut." Seven years ago, she joined The Miami Herald's newsroom as a Multimedia Manager. She built the company a Video Studio, where sports segments, celebrity reports, and interviews with heads of state have been shot and produced. In 2010, she also began producing a business segment for WLRN/Miami Herald News radio and writing business articles for www.MiamiHerald.com. Karen calls herself "a Miami girl with Jamaican roots," (practically a native) having lived in the city long enough to remember when no one went to South Beach. She spends her weekends with an Arsenal Football loving husband and a young daughter who avoids skirts that aren't "twirly enough."
More On This Topic