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By Matty Miller

With a track record defined by precision and local expertise, Matty Miller is a cornerstone of the Jacksonville real estate market. Since 2017, Matty has successfully navigated over 200 real estate transactions, earning his Broker’s license in 2019 to provide a higher tier of service to his clients. Currently overseeing a single-family property portfolio valued at over $50 million, Matty specializes in the strategic management and acquisition of high-value assets across the First Coast. His approach combines deep market data with a boots-on-the-ground understanding of Jacksonville’s unique neighborhoods. Whether working with institutional investors or individual homeowners, Matty delivers the seasoned perspective required to maximize value in Florida's most dynamic coastal markets.

Let’s Explore Your Selling Options. I’ll help you sell your home at the price and terms you want. Free Selling Strategy Call

Have you heard about the recent Fed cuts in interest rates? For many buyers, that sounds like great news. Lower rates should mean lower payments, right? Not so fast. In reality, the connection between the Fed’s rate decisions and Jacksonville’s housing market isn’t always that straightforward.

Let’s break down what’s happening and what it means for buyers and sellers heading into the winter season.

The Fed doesn’t directly control rates. They can influence them, but rates usually change on their own based on what the market thinks will happen. In Jacksonville, regular home loan rates have already decreased to approximately 6%, and government loans, such as FHA and VA, are even lower, ranging from 5.7% to 5.8%.

So yes, rates are getting better, but most of that drop happened before the Fed officially lowered its rate.

“The Fed doesn’t directly control rates.”

Fewer buyers on the market. November is usually a busy month for home sales in Jacksonville, but this year, things have slowed down. There are fewer buyers making offers, which gives the ones who are shopping more room to negotiate. Sellers who need to move are starting to lower their prices or offer special deals to attract buyers.

What this means for buyers. If you’re buying your first home, this is good news. Lower interest rates and sellers who are more willing to negotiate make it a great time to start looking. Prices may become more affordable over the next few months, so it’s a smart idea to get pre-approved and keep an eye on the neighborhoods you like.

What this means for sellers. If you’re selling, timing is important. Since there are more homes on the market and fewer buyers, now might be your best chance to sell before prices go down further. Homes that are priced reasonably and look great are still selling quickly, but overpricing can cause your home to sit on the market longer.

Working with a local agent who is familiar with Jacksonville’s different areas can help you make an informed decision. Whether you want to buy your first home, move up, or sell, this is the right time to have a clear plan and act with confidence.

If you’re looking to buy your first home, move up, or sell, feel free to contact me at 904-650-3890 or via email at Matty@PursuitRealEstate.com today. I’d be happy to help!

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