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As home prices rise, many people can’t find a place they can afford
Source: Palm Beach Post Palm Beach County’s home price rebound is putting the squeeze on affordability. Just 57.7 percent of homes sold in Palm Beach County in the second quarter were affordable to a median-income family, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. That was the lowest level since 2008.…
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Palm Beach County home prices rise to post-crash high
Source: Palm Beach Post The median price of a house sold in Palm Beach County last month rose to $311,000, the highest level since 2008. The typical sale price was up from April’s median of $307,125, the Realtors Association of the Palm Beaches said Wednesday. Read more…
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South Florida home prices rise again in August
Source: Miami Herald South Florida home prices rose in August, continuing a trend of slow and steady growth that suggests an overheated market is cooling down. Read more…
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Palm Beach County home prices reach post-crash high
Source: Palm Beach Post Palm Beach County’s median home price rose to $305,000 in June, the highest level in the post-crash recovery, the Realtors Association of the Palm Beaches said Wednesday. Read more…
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U.S. Home Prices Are Surging 13 Times Faster Than Wages
Source: Bloomberg.com For most people, buying a home is no cheap venture. That’s especially the case when the growth in U.S. home prices is beating wage increases 13 to 1. Read more…
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South Florida home price gains second highest in nation
Source: Palm Beach Post Home prices in South Florida were up 11 percent in July compared to the same time in 2013, the second highest gain in the nation, according to the S&P/Case-Shiller Home Price Index. Read more…
