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…
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Half of Homes Sold Give Concessions
Updated Homes Sell Faster Nearly half of all home sales in the past three months included seller concessions, according to the latest Redfin report. Although, according to Barry Frette, Realtor in Delray Beach, updated properties that are priced to sell move quickly with no concessions or very little concessions. Frette says, "Palm Beach County is a…
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August Palm Beach County Market Update
“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…
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Highest Mortgage Rates Since 2008: 5.89%
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 2008
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