Darren Dowling
In today’s housing market, holding onto a 3% mortgage rate might seem like the ultimate win. And for many homeowners in Sarasota and Lakewood Ranch, it’s exactly why they’ve stayed put over the past few years. But here’s the truth: life doesn’t always wait for the ideal interest rate.
Your ultra-low rate might be financially appealing, but it can’t fix a too-small living space, stairs that strain your knees, or the distance separating you from your loved ones. That’s why we’re seeing more homeowners across Sarasota, Manatee, and Charlotte County making a move—because their lifestyle needs are finally outweighing their mortgage rate. (see graph below):
Recent data shows a shift is happening: fewer homeowners are staying locked into their low rates, and more are accepting new mortgage terms—even over 6%—in exchange for a home that better fits their needs. This trend is picking up across southwest Florida as residents realize that waiting on rates means putting life on hold. (see graph below):
A recent Realtor.com survey revealed that 79% of current homeowners considering a move are doing it out of necessity—not just financial reasons. And those motivations? They're deeply personal and highly relatable:
Need More Space: Whether your family is growing, your parents are moving in, or you just need a home office, outgrowing your current space is a powerful motivator. Many Lakewood Ranch families are upgrading to accommodate multigenerational living or remote work lifestyles.
Need Less Space: For empty nesters in Sarasota and Venice, downsizing is a major relief. Fewer rooms to maintain and lower bills mean more time and freedom to enjoy Florida living.
Want to Be Closer to Family: From North Port to Bradenton, we’re seeing families prioritize proximity to grandchildren or aging parents. In a world where connection matters more than ever, being nearby is everything.
Life Changes: Divorce, marriage, or new beginnings often require a fresh space. A new home in Manatee or Charlotte County can offer that clean slate.
Job Relocations: As Sarasota continues to attract remote professionals and business expansions, job-driven moves are on the rise too. (see graph below):
Experts predict mortgage rates will decline gradually—but we’re unlikely to see a return to 3%. In the meantime, homeowners across Sarasota and Lakewood Ranch are realizing that waiting for the perfect rate often means living in the wrong house.
In fact, nearly 2 in 3 homeowners have already delayed their move for over a year. If you’re still holding back, ask yourself: how much longer can you put your life on hold for the sake of an interest rate?
The home that made sense for you in 2020 might no longer support your life in 2025. And that’s okay. Your needs have changed—and your home should reflect that.
If you’re in Sarasota, Lakewood Ranch, Manatee County, or Charlotte County, now might be the time to explore your options. Let’s talk about what’s changed in your life—and what kind of move could finally move you forward.
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