Real Estate Market Update West Palm Beach FL

by Rodney Forbes on April 11, 2009

Rodney Forbes with Forbes Realty of South Florida discusses the real estate market conditions in West Palm Beach Florida for the week of April 6, 2009.

Of the pending sales, 60% are short sales and bank owned properties. Buyers are responding to low interest rates, prices that are below 2004 levels and government stimulus efforts including the $8,000 first time home buyer tax credit. Year to date sales have increased 45% over 2008.

If you are interested in buying or selling a home in the Palm Beach County area, specifically Palm Beach Gardens, Jupiter and West Palm Beach, please visit my Forbes Realty website. For frequently updated information on foreclosures, short sales, real estate news and market conditions visit my South Florida Real Estate Report blog. There are many free reports as well as free access to MLS listed properties.

Rodney Forbes is a licensed Realtor®, certified short sale/REO specialist and broker for Forbes Realty of South Florida Inc.

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