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Why doesn’t Florida have enough affordable housing? The legislature may be partly to blame
This battle comes as the state’s real estate market continues to price out homeowners and renters alike. A deal struck last year between the legislature and the state’s main affordable housing arm appears to be in jeopardy as the House and Senate prepare to reconcile their rival spending plans. For decades the Florida legislature has…
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How to solve Florida’s large-scale affordable housing crisis
By Mike Vogel | Florida Trend | 9/25/2020 … Affordable housing means different things — market rate vs. subsidized, for example — to different people. At a housing forum in February, Suzanne Cabrera, CEO of the Housing Leadership Council of Palm Beach County, remarked that a manufacturer paying starting engineers $85,000 a year had trouble…
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County home prices reach 10-year high
Source: The Palm Beach Post Palm Beach County home prices reached their highest level in nearly a decade in June, when the median price of houses sold by Realtors rose to $345,000. Read more…
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US home prices rise 5.3 pct. amid solid demand, tight supply
Source: The Palm Beach Post U.S. home prices marched steadily higher in November, pushed up by healthy demand for homes and a shrinking supply of available properties. The Standard & Poor’s CoreLogic Case-Shiller 20-city home index, released Tuesday, rose 5.3 percent, slightly faster than October’s gain of 5.1 percent. 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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In Palm Beach County, buying beats renting by a wide margin, Trulia finds
Source: Palm Beach Post For Palm Beach County renters, Trulia chief economist Ralph McLaughlin has some simple advice: Buy a house now. Palm Beach County ranks No. 2 on Trulia’s list of cities where buying beats renting. We’re in a virtual tie with Miami-Dade County. Read more…
