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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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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…
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10% rise in home prices points to seller’s market — but for how long?
Source: Palm Beach Post Palm Beach County’s housing market remains skewed in favor of sellers, although the seller’s market might be easing ever so slightly. The median price of a single-family house sold in September was $316,000, up only slightly from $315,000 in August — but a hefty 10.9 percent increase from a year ago,…
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Palm Beach County No. 1 in country in housing market
Source: WPBF News Not just the temperatures are scorching this July in Palm Beach County – the housing market has just jumped to the No. 1 spot on the top 10 list by online real estate analyst Ten-X. According to the website, “Seasonally adjusted home prices are up 16.8 percent year-over-year, the highest pace in…
