Welcome to Market Insights, Luxury Edition. A quarterly publication providing our perspective on the local real estate market. Interest rates have finally dropped, offering relief to those who have been waiting to buy or sell a home. When the Federal Reserve lowered its key rate by 0.5%, the real estate market responded. In this issue, we’ll examine the effects of these lower rates and weigh the pros and cons of buying or selling now versus waiting for potential further improvements in market conditions.