4 Of The 5 Hottest Markets Are In Florida And Palm Beach Is 2nd

Dated: 01/22/2017

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Greta News! According to TenX an online marketplace, among the 50 largest U.S. markets, the top five (in order) were Orlando, Palm Beach County, Fort Lauderdale, Tampa and Dallas. Each of the markets had a consistency strong demand, home price appreciation, and economic and demographic growth. The top 20 cities in the report include many that were affected hard during the foreclosure crisis and as home prices continue to recover they still represent buying opportunities for homeowners and investors alike.

Palm Beach County is seeing a healthy progress in its housing recovery. Year over year employment growth is at 1.5 percent the lowest annual rate since 2011. Home sales are at a high level, however some 24 percent below their bubble peak, indicating plenty of room for future growth. Single family homes in the metro offer a great affordability and are cheaper than local apartment rentals, which should preserve demand for buying and allow for additional price gains. With permit activity still hovering at a low level, overbuilding is far from a concern and the Palm Beach housing market remains solid.

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