Lenders in the state of Florida reportedly repossessed around 6,700 homes in Florida in the month of July–a staggering 38 percent increase from July 2011’s real estate data. July marks the 21st straight month of foreclosure declines throughout the country. Palm Beach county was an attention-grabber in Florida, undergoing 28 percent less bank repossessions than […]
Published
August 10, 2012
For the 7th consecutive month, Juno Beach inventory levels have decreased. In July, the reported number of homes available for sale in the area had dropped 6% from June. The Juno movers have learned that sales for new & existing homes fell in June through out the nation, while Palm Beach county has reported strong […]
Absorption rate in Hobe Sound dropped 24% as of mid-June, along with several other towns in the Palm Beach County municipality. Basically, absorption rate is directly correlated to the amount of inventory available on the market, how many “months supply” is currently for sale. Absorption rate is a key tool used to measure price points […]