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real estate in West Palm Beach

This is the daily south Florida market update. Today’s update is for West Palm Beach. Market activity has really picked up due to record low interest rates, home prices at 2003-2004 levels and the efforts by the federal and state governments to get first time home buyers to make the move. Short sales and distress, […]

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More biotech jobs moving to Palm Beach Gardens

by Rodney Forbes on May 1, 2009

The following article shows the benefits to the local economy of having the Scripps Florida facility. My guess is more biotech firms will continue to relocate to Palm Beach Gardens. This is great news for the county and the real estate market as well. Palm Beach Gardens is getting a new bioscience company that is […]

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Flash! First Time Home Buyers Get $8000 Today

by Rodney Forbes on April 30, 2009

The following article from the Wall Street Journal has me scratching my head. By now, most people know about the $8,000 first time home buyer tax credit (contact me to see if you may qualify). What shocked me is that evidently the IRS is allowing people to claim the tax credit, yes $8,000 in your […]

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Worst is over for real estate?

by Rodney Forbes on April 30, 2009

After deteriorating relentlessly for nearly three years, the much-watched S&P/Case-Shiller Index showed a brief glimmer that plummeting home prices are at least slowing their fall. Prices are still plunging: Home prices in 20 major cities across the country have fallen 18.6% between February of this year and last, according to the index released Tuesday. That […]

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Clark Howard Buying = Real Estate Market Bottom!

by Rodney Forbes on April 14, 2009

Embedded video from CNN Video This video is a great example of what bargains are out there for home buyers, especially first time home buyers. Foreclosures and short sales make up the majority of pending home sales in the Palm Beach Gardens and the Palm Beach County area. I bought my first home in the […]

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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 […]

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5 Secrets to Buying a Foreclosure in West Palm Beach

by Rodney Forbes on April 5, 2009

Article by Rodney Forbes So you’ve been reading the news about housing recovery, government tax credits and record low interest rates. Or maybe you’ve gone to a real estate seminar or taken a course on buying foreclosures and bank REO’s. Buying a bank owned property can be a great way to buy a home well […]

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Mortgage rates in West Palm Beach Florida Down Again

by Rodney Forbes on April 5, 2009

The government is continuing to push the recovery through real estate. The impact of low interest rates, first time home buyer tax credits and affordable prices, more people are making the move to buy. Any recovery in the economy will be started by a positive move in the real estate markets. Rates on prime mortgages […]

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Is it Time to Buy? Look at the Numbers

by Rodney Forbes on April 2, 2009

Up..Down. Buy..Sell. Good news..Bad news. Who can tell when is the right time to jump back in to the real estate market. First time home buyer, investor, retirees, foreign investors all have been waiting on the sidelines to get the “official” green light to move ahead. But that never comes. Down the road you’re only left with the quote over dinner “If I had only bought back in ______. (fill in the blank)

The best advice is to look at the numbers and indicators, read as much as you can and don’t listen to the doom and gloom news. That only sells papers. Come to your own conclusions because the numbers don’t lie.

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Crazy Jim Cramer says buy Florida real estate

by Rodney Forbes on April 1, 2009

Outspoke and sometimes controversial stock picking guru Jim Cramer compares the real estate market in Florida to the stock market and says the time is right to buy real estate in Florida. He forecasts Florida may lead the country in the real estate rebound. As a buyer specialist, especially in distressed property, I’ve been making […]

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