Whats your investment horizon (are you looking to sell this in a year or two, or hold onto it long term)?

Having said that, if you're looking near the city, with good transportation, have a long time horizon, and would otherwise be renting, then I'd say it's somewhat futile to try to time the market.

It all depends on your investor base and what they are looking for. 3-5 year investment strategies cater to investors looking for IRR (although over the long run, I haven’t seen much difference across strategies) while 7-10 year investors typically focus more on “cash on cash” aka cash flow from operations.It’s true though that most investors, especially younger investors, prefer shorter term investment horizons.

I'm in Horizons West (Winter Garden, SW Metro Orlando).

@Amy Hietala what are your goals with that capital and what's your time horizon? 

Which can still be okay if the value of the property increases at an above average rate, or if you have a very long time horizon.

I think they cut the rate because they see slowdown on the horizon and want to keep the economy chugging along. 

Kinda weird but I'm looking towards the future and all the possible opportunities on the horizon.   

I have a couple of clients with several projects on the horizon.

--https://www.latimes.com/business/story/2020-03-08/oil-price-war-Oklahoma shale producers break even at $21 to $48 per barrel (i would think its closer to $40 in Oklahoma) -https://oilprice.com/Energy/Energy-General/Why-The-Oklahoma-Shale-Boom-Isnt-Taking-Off.html-Oklahomas state budget is made counting on oil selling for $54 per barrel it is currently at $31 per barrel and dropping - https://kfor.com/news/local/dark-clouds-could-be-on-states-horizon-as-oil-prices-drop-to-30-year-low/-While oklahoma's economy is very diverse it will be hit if prices do not rebound in the near future - https://oklahoman.com/article/5627150/state-chamber-provides-new-analysis-on-oil-gas-industrys-impact-on-oklahomas-economy-and-tax-revenues-Oil and Gas would fall under mining and make up 22% of the GDP for oklahoma see page 11 - https://www.ok.gov/oesc/documents/lmiEconIndPub.pdfThe Good The Bad and The Ugly -Good - oil and gas prices may come up if Russia gives in on this play.