Palm Beach County Housing Boom

Palm Beach County Housing Boom

Lorea Thomson
Posted by Lorea Thomson
Updated on
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Published in Communities

Experts are predicting that current housing boom will most likely flatten this year as interest rates continue to rise. Please note the word “flatten.”  It is anticipated that prices will not go down, demand for homes is constant in Palm Beach County. In South Florida, with our warm climate, our beautiful coastline, and tax benefits, more and more people are moving here every day. People have realized they can work from home and are no longer bound to a particular city, so why not live somewhere beautiful.

A housing bubble, or speculative bubble, is defined by a steep rise in housing prices that is not supported by common or logical economic factors or fundamentals. Many factors are contributing to the current housing appreciation throughout America. Factors such as the sudden growth in remote work, changing migration patterns, and supply shortages are contributing to an already under-supplied housing inventory. Real estate experts suggest “with low inventory and pent-up buyer demand, we are not likely in a catastrophic housing bubble in 2022.” 

The latest statistics indicate that nearly one thousand people move here every day, and many are coming from northern states such as New York, New Jersey, and Connecticut. According to move.org, Florida was the most moved to state in 2020.

Please feel free contact a real estate agent at Waterfront Properties and Club Communities to discuss the local market in Southeast Florida.

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The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor® Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than Waterfront Properties and Club Communities are marked with the IDX logo (Broker Reciprocity) or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Copyright 2024 Realtor® Association of Martin County, Inc. MLS. All rights reserved.

Listing information last updated on April 20th, 2024 at 10:00pm EDT.

The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of Palm Beach Board of Realtors Multiple Listing Service. Real estate listings held by brokerage firms other than Waterfront Properties and Club Communities are marked with the listing broker's logo or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.

The broker providing this data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

© 2024 Palm Beach Board of Realtors Multiple Listing Service. All Rights Reserved.

Listing information last updated on April 20th, 2024 at 10:00pm EDT.

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®, and is updated as of April 20th, 2024 at 10:00pm EDT (date/time).

All information is deemed reliable but not guaranteed by the MLS and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Waterfront Properties and Club Communities shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2024 MLS of MAR.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing

Beaches Multiple Listing Service LogoAll listings featuring the BMLS logo are provided by BeachesMLS, Inc.This information is not verified for authenticity or accuracy and is not guaranteed.Copyright © 2024 BeachesMLS, Inc.

Listing information last updated on April 20th, 2024 at 10:00pm EDT.