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Real Estate Market Updates

Realtor® Volunteering Works Program Announces 2013 Mentoring and Grants Recipients

WASHINGTON (April 23, 2013) – REALTOR® Magazine and the Good Neighbor Society have announced the recipients of the fifth annual Volunteering Works program, which matches Realtors® who work on smal...

Posted at 2013-05-02 00:20:56 (continue reading...)

Growing shadow inventory stifles home sales

WEST PALM BEACH, Fla. – April 9, 2013 –There’s blight at the corner of Happiness Street and Rainbow Avenue in suburban West Palm Beach. Despite the sunny names in a neighborhood where residen...

Posted at 2013-04-25 05:07:33 (continue reading...)

Palm Beach Estate Sells For $80 Million To Billionaire Kenneth Griffin

Kenneth Griffin, the billionaire founder of hedge fund Citadel LLC, bought two adjacent oceanfront properties in Palm Beach, Florida, for $79.6 million. Griffin purchased 40 and 50 Blossom Way in P...

Posted at 2013-03-28 00:32:03 (continue reading...)

200 New Condo Units Unsold In Downtown West Palm Beach From Crash

A pair of bulk deals by Palm Beach billionaire Jeff Greene - the first in November 2012 and the second in January 2013 - has reduced the number of unsold new condos in the Downtown West Palm Beach and...

Posted at 2013-03-28 00:27:40 (continue reading...)

Foreclosures may ease shortage of homes for sale

FORT LAUDERDALE, Fla. – March 18, 2013 – More than 56,000 homes in Palm Beach and Broward counties make up a so-called shadow inventory – properties in some stage of foreclosure that have yet to...

Posted at 2013-03-28 00:15:09 (continue reading...)

Forget ‘improving’ or ‘rebound’ – Fla. is ‘on fire’

WEST PALM BEACH, Fla. – March 8, 2013 – Lesley Deutch, senior vice president at John Burns Real Estate Consulting, said the “Florida market is on fire” in her latest update on the state’s ho...

Posted at 2013-03-28 00:14:12 (continue reading...)

Citizens CEO: Give insurance consumers more choice

WEST PALM BEACH – March 22, 2013 – The CEO of Florida’s largest property insurer, Citizens, said a change he wants could help as many as 30 percent of new customers find coverage outside the sta...

Posted at 2013-03-28 00:08:26 (continue reading...)