Housing rally stalls in Palm Beach County

Falling demand from investors has contributed to a three-month decline in median prices

Palm Beach
Palm Beach

From the South Florida website: Home prices are coming down to earth in Palm Beach County, after soaring by double-digits from 2011 to 2014. And experts anticipate only moderate price appreciation over the next couple of years.

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“Things are definitely flattening out,” David Cobb, South Florida regional director for research firm Metrostudy, told The Real Deal. [more]