South Florida's housing market is tilting toward buyers, fueled by falling interest rates, rising inventory and sellers accepting less than asking prices.

The shift comes after years of soaring costs that kept many would-be homeowners on the sidelines.

Jason Collier is among them. He began his search two years ago after moving to Broward County from Philadelphia, but rising prices made finding a home within his budget difficult. Now, with the Federal Reserve's recent quarter-point rate cut—and more expected later this year—he is reconsidering his timeline.

"Interest rates going down even a fraction of a percent makes that monthly payment just that much more affordable, makes it that much more realistic to execute on this soon," Collier said.

Realtors say South Florida is in a buyer

See Full Page