The recent announcement from the Federal reserve to lower the prime rate should help many home owners to be able afford a new home and help those that were coming up on their adjustable rates get a better rate. Florida has been one of the states that really felt the impact of the uncertain real estate market and rising interest rates. West Palm Beach real estate should see a good bump in market value along with other ares in Florida with the recent rate decrease. The key is that people not get greedy when rates lower and only go after home prices that they can comfortably afford and not over extend themselves.
