Category Archives: Market Updates

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Mortgage Rates Down a Bit to 6.71%

Mortgage Rates Down a Bit to 6.71%
Mortgage rates hit a 7-month high last week after three increases. Mortgage buyer Freddie Mac said Thursday the average rate on benchmark 30-year home loan fell to 6.71% from 6.79%. You can read the full article here: Mortgage Rates Ease Back - Click Here Get Approved 1% Down Citizens Insurance sees drop in new lawsuits…
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April 2023 Palm Beach County Market Update

April 2023 Palm Beach County Market Update
Palm Beach County is currently witnessing a significant year-over-year increase in inventory, with 3,642 active listings—an impressive surge of 69%. This expansion has led to the county's supply of inventory reaching 3.1 months, marking a substantial 121.4% rise compared to the 1.4 months recorded in 2022. Commenting on this trend, Chris Krzemien, President of Broward,…
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March 2023 Palm Beach County Market Update

March 2023 Palm Beach County Market Update
The Florida Realtors has released their March 2023 Reports. Palm Beach County is experiencing a 6.3% increase on the median home price year-over-year hitting $575,000. The county’s inventory also continues to climb. “Palm Beach County’s increase in median home price and inventory has continued to rise from the start of the year,” says Chris Krzemien,…
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February 2023 Palm Beach County Market Update

February 2023 Palm Beach County Market Update
SUPPLY OF INVENTORY INCREASES AS PALM BEACH COUNTY SEES MORE ACTIVE LISTINGS Exciting news! The latest February 2023 reports from Florida Realtors® have just been released, offering a comprehensive analysis of recent real estate activity. These reports provide a year-over-year comparison, specifically focusing on single-family homes. Let's delve into the key statistics: Palm Beach County…
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