Palm Beach’s resi heat wave

While higher home pricing means fewer investors in the market, more end users are buying

Florida East Coast’s West Palm Beach station will be home to 275 rental units
Florida East Coast’s West Palm Beach station will be home to 275 rental units

From the South Florida Market Report: Palm Beach County’s residential real estate sector is heating up, thanks in part to banks’ willingness to issue loans again after a reduction in the number of distressed properties in the area.

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The Realtors Association of the Palm Beaches reported that single-family homes were selling faster and at higher prices in this year’s second quarter compared with the same period in 2014. [more]