According to Chris Krzemien, President of Broward, Palm Beaches & St. Lucie Realtors®, the inventory in Palm Beach County continues to surge, with an impressive 143.3% increase, resulting in 4,202 active listings. Additionally, the county currently has a supply of inventory that amounts to 3.4 months. In response to the growing inventory and to maximize its potential, a special event called "Open...
Based on this article, three out of the top five markets for rent growth are in the Sunshine State. Although Palm Beach County is not on this list, we all know what is happening to rents here. Corporate relocations and people fleeing the northeast are a significant reason for the rent growth. You can read the full article here: Florida Continues To Lead Nation in Apartment Rent Growth August...
“Housing inventory continues to rise in Palm Beach County! We’re starting to see supply levels improve with the help of increasing interest rates and inflation. In August, active inventory rose by 63.1 percent to 3,865 listings, and supply of inventory increased 92.9 percent to 2.7 months,” said Carlos A. Melendez, President of Broward, Palm Beaches & St. Lucie Realtors®. Inventory is the...
Rates continue to climb and today they are at 5.89%. Just a year ago they were 2.88%. Read the full article here: Highest Mortgage Rates Since...