Looking To Buy A Home In Disney's Backyard? Now Might Be Your Time

Plenty of folks have been sitting on the sidelines in recent months, hoping to see the affordability of high-value homes in Horizon West (the area I lovingly call Disney’s Backyard) improve after a prolonged period of high mortgage rates and steep prices. Well, the time is now! Rates are trending down into a buyer sweet spot, but that trend might not last long.

Is It Worth The Wait?

It can be tempting to keep waiting, to cross our fingers and hope the market will keep trending down and down and down again…but that might not be your best bet in this ever-changing market landscape. Here’s why: you’re probably not the only one watching interest rates like a hawk. And if mortgage rates continue to let up, as we anticipate they will, buyers are going to flood back into the space, jumping on the same opportunity you’re hoping to capitalize on.

More demand means more competition, and more competition means higher home prices, which might nullify any savings you get from a lower interest rate. This isn’t just academic suppositions—we’ve seen it happen here in our corner of the market in Horizon West many times over. It’s part of how this area has grown so fast, but it’s also part of why home prices here have trended on the higher side.

Now’s The Time

So, yes, interest rates are still hovering around the low sixes. Higher than in previous years, sure, but also nowhere near the peak we’ve seen even this year. Supply is on the lower side, but low for us is high anywhere else, and the national average is still higher than it’s been in years. Everything in perspective!

This means that right now, you have a ton of houses available to choose from, at high-yet-reasonable prices with high-yet-reasonable interest rates, and your major competition are still going to be sitting on their hands for months if not years, meaning you’ve got the best chance of finding your perfect Horizon West home in Disney’s Backyard now, before the crowd descends!

Now’s the time to get the ball rolling on finding your new home! Call or text me on my cell at 407-848-8042, email me at amy@heartandhomeorlando.com, or submit a wishlist right here on my website to get started!