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Editorial: ‘Workforce housing’ question needs better answer
Source: Palm Beach Post Palm Beach County has a problem with affordable housing — still. Eighteen months and eight county-sponsored workshops meant to retool an inadequate Workforce Housing Program, and there appears to be little disagreement among stakeholders that there is a need for more affordable housing — still. Read more…
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Palm Beach County home prices bounce back in December
Source: Palm Beach Post After a November slump, Palm Beach County home prices bounced back in December. The median price of houses sold this past month was $315,000, up from $300,000 in November, the Realtors Association of the Palm Beaches said Tuesday. The median price was up 5 percent from a year ago, although values…
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Florida home insurance costs lead nation again
Source: Palm Beach Post Better budget for more than sunscreen and bug spray. Florida once again has the nation’s costliest home insurance, a new report shows. It is the only state with an average annual premium above $2,000. Read more…
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Hot and not: Uneven fortunes for Palm Beach County housing market
Source: Palm Beach Post By one measure, at least, Palm Beach County’s housing market is on fire. From late 2015 to late 2016, the county’s home prices jumped 12 percent, the highest appreciation of any metro area in the country, according to a recent study by Ten-X, an online real estate marketplace based in California.…
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Why a severe housing shortage means reduced wages for workers
Source: PBS According to a new report, more than 40 million American households are spending a third of their income on rent, and housing shortages in major cities such as New York and San Francisco may ultimately lead to billions of dollars in lost economic productivity. Special correspondent Duarte Geraldino reports on the origins of…
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Housing affordability improves, but trend to reverse as rates rise
Source: Palm Beach Post After the surprise Brexit vote this summer, mortgage rates fell below their already rock-bottom levels. Following Donald Trump’s unexpected victory on Nov. 8, mortgage rates jumped. Whether mortgage rates will rise sharply or gradually is anyone’s guess, but the cost of borrowing plays a key role in the direction of the…
