January 22, 2008

How Does the latest Federal Interest Rate Cut Help the Southwest Florida Real Estate Market?

In a bold and surprising move early Tuesday morning, the Federal Reserve cut the benchmark interest rate by three quarters of a percentage point. The largest cut since 1984 and the first “surprise” cut since 2001, this bold move lowers the federal lending rate to 3.5 percent.

The question on everyone’s mind is… “How does this help me?”

Specifically for the Naples area housing market, excitement is rippling through the community as lower interest rates for mortgages and lower credit card rates will allow visitors to enjoy all that Southern Florida has to offer. Kaye Homes New Home counselors here are in constant contact with our preferred lenders to maximize the advantages for our homebuyers.

The initial impact will be to jumpstart Kaye Homes home sales during high season, January through April, when our northern neighbors head south. Our “snowbirds” love the 80-degree winters and active outdoor lifestyle. Many families decide to relocate permanently and escape snow shoveling and freezing temperatures forever. Many are in Southern Florida looking for their second or retirement home. The Fed’s positive action on Tuesday may be just the incentive buyers need.

This is an excellent time to purchase your new home, and since Tuesday it is even greater, because buying your new home will cost you less than it did prior to the rate cut. Kaye Homes has a fine variety of homes available from the $200’s to $2 million. No matter what your price range, lower interest rates can save quite a bit off your monthly mortgage payment. You can move into a brand new Southwest Florida home for as little as $642 per month. Now with the new reductions, prices may go even lower, providing value and savings for the entire line of Kaye Homes, including Kaye Luxury Homes. Everyone will save.

Voted Florida’s Best Builder, Kaye Homes is Southwest Florida’s largest locally owned homebuilder. Since 1985, Kaye Homes has built over 3,000 homes for satisfied customers. With two model centers in Naples, Kaye Homes continues to provide unequaled value and quality for today’s homebuyer.

Our “Personalized” Homes present the finest in custom luxury homes, priced from the $600s to $2 Million. Our “Performance” Collection of Homes personifies value for the first time home buyer and more price conscious buyer, priced from $200s to $500s.

Plus we have a wonderful collection of “Showcase” Homes, ready for immediate occupancy priced from the $200s to $800s.

For more information and to find your next home please visit us at www.kayehomes.com, or call 239-455-1007