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Section 8 housing has been an important solution for families struggling to make ends meet with low incomes. While the program has helped make South Florida housing accessible for families in select neighborhoods that accept the program’s vouchers as form of payment for rent. There are some pros and cons that have come with the program’s installment, with some good and bad affecting a variety of residents in different ways. The Boynton Beach movers have gathered the facts to examine:

Investors: Investors are at the good end of Section 8 laws. Section 8 renters pay on time, follow rules and respect properties.

Renters: Safe, sanitary and modern units are offered under the Section 8 plan. REO and bank-owned properties are even becoming part of the mix now that the Section 8 plan is a way for lenders to recoup losses.

Regular renters: These renters are at the sour end of the deal. They pay market rates, rather than cut rate deals that Section 8 renters get. The rental market becomes an uneven playing field favoring Section 8 renters who get reimbursed above market price.

The Section 8 waiting list: These people are also on the losing end of the deal because most people in the Section 8 system are doing whatever it takes to stay within the program requirements. Also, the payments dispersed are fixed rate, so they can’t be adjusted for current recipients to value more residents.


Foreclosure isn’t a new problem, but it is typically one that is associated with homeowners. A new report in the Palm Beach Post shares the effects that foreclosure can have on renters. The latest issue to arise has been around vacant and foreclosed properties in South Florida, which has investors snatching up properties through community association foreclosures and then renting the properties back to the bank. By doing this, the investor is capitalizing on the lengthy foreclosure process and the immediate payment the banks make to the investors. The Boca Raton movers are concerned because the tenants in these properties are often unaware of the status of their residence.

Some of the major problems in this case are unknown liens, association dues, and repairs that need to be done. Renters can have requests for these issues fall upon deaf ears, as the landlord may point to the bank as responsible, while the bank points to the investor.


A new development aimed at offering downtown residences for West Palm Beach senior citizens will strive to provide affordable living for retirees and the elderly. High priced condos have been a staple in Palm Beach County and synonymous with the region for decades, but the growing need for reliable senior housing is an issue that Jack Weir of Eastwind Development has finally decided to address along with the help of Housing Partnership, Inc. The complex, set to be called Evernia Place, is expected to have rents ranging from $700 to $825 per month, and will include a card room, swimming pool, and fitness center.

The West Palm movers have found that the property will be marketed out to potential renters once the project nears completion, most likely about 6 months out from the final phase of construction. The apartments will likely add foot traffic to nearby shopping districts of CityPlace and Clematis Street, and also diversify the predominantly young professional demographic of residents.


South Florida is an example of a market that has had ups and downs and highs and lows throughout the recession, and with month after month reporting historically low interest rates, it seemed any day now the rates would begin to rise again. As predicted, that is what we are undergoing now! Lenders began quoting rates similar to those offered in September of 2012, with the average rate on Bankrate.com is up to 3.5%, back up from the rock bottom rate of 2.82%.

The Jupiter movers have found that there are still elements of the Palm Beach County economy that still hinder full recovery, such as high foreclosures and high unemployment. Slow growth is also a problem that the West Palm area, along with many areas nationwide, is still trying to cope with. However, if the current rates are any indication, the time to lock in your mortgage rate would be now.

 


A recent article online shared some interesting news regarding the current state of the Palm Beach County and Treasure Coast real estate system–there are over 52,000 foreclosure cases currently clogging up the local court systems! Experts say that the cases need to be cleared so that the real estate community can rebuild and there won’t be distressed properties dragging down the market value. A majority of the cases are in Palm Beach County–a whopping 39,000 of the 52,000. The rest are divided among Martin County, St. Lucie County, Indian River County, and Okeechobee County.

The West Palm movers have found out that on average, it takes about 18 months for foreclosure cases to clear, which gives the homeowner time to attempt to negotiate a short sale with the bank. A short sale also lets you retain your credit score rather than suffer the destruction a foreclosure can cause.


The price point for condominiums and townhouses in the West Palm Beach area has rising, according to recent data compiled by the Realtors Association of the Palm Beaches, which indicates that the current prices for condos were at their highest point in the past 12 months as inventory continues to dwindle away. the Palm Beach County movers have found the current prices are in fact 34 percent above 2011 prices on average. While that’s a significant spike, it’s still far away from the peak of the market.

In addition to rising prices, the volume of units sold last year was double that of the last quarter of 2006, which is considered the area’s real estate boom. Vacancy rate is dropping in buildings at a rapid rate, and some condo towers that had two dozen vacancies in 2011 are now all full. Unsold condos in the area account for about six percent of the new condos built in the downtown area from 2003-2012.


According to a new report by the Palm Beach Post, a charter school is proposed for the Hiatt Drive area of Palm Beach Gardens–a charter school that will offer over 1000 students an alternate school for education and also create about 75 jobs for educational professionals in the region. The Palm Beach County movers have learned that the proposed project is a new location for the Renaissance Charter School at Gardens West charter system. The new facility would be a renovated warehouse that offers capacity for many students versus a typical school building.

The Palm Beach County location would be in addition to 48 schools that the Renaissance brand manages, with schools in five states and a total student population of about 40,000 pupils. The proposed project now must stand before the city council for approval with building plan reviews and initial project hearings. This location would be the first of three that the company wants to build in Palm Beach County in 2013.


Despite initial reports that had the Palm Beach Outlets opening in the middle of November 2013, a new report indicates that the shopping plaza will actually be delayed about three months until February 2014. The development company in charge of the project has stated that there are a variety of reasons for the delay–a delay that will prevent the complex from taking advantage of holiday shopping. The Boynton Beach movers have also learned that the 80-acre site will contain about 1.5 million square feet of retail offerings, with the center area (about 80-100 outlet stores) up for development first.

Some of the retailers slated to move into the complex are on board 100%–however names will not be released. There is speculation, however, that the outlying area of the mall will hold a Whole Foods and that some banks may be inquiring about the location. The entire project is expected to cost about $200 million, and with an economic study commissioned by the developers, the mall will likely take in just under $320 million annually–while also providing over 1,500 jobs to nearby residents.


2012 is coming to a close, and with that comes an examination of annual real estate trends and takeaways from markets across the country. The West Palm movers have learned that our market has been ranked by Consumer Affairs as one of the most surprising, though that is a term that can be both positive and negative. Let’s examine further.

Positive elements of the market, such as rising sales in July, were overshadowed by real estate data that cast a less than positive view of West Palm’s market status. Factors such as a high foreclosure rate (1 of every 349 homes), and a dropping median sales price (down 15 percent in July from June this year), the market didn’t quite hit a stabilization point. Though we followed the ups and downs throughout the year, it’s our hope that 2013 will bring the West Palm Beach real estate market to the same thriving level of other Palm Beach County markets.


Keeping your house free of clutter is a task that requires constant attention. Luckily, your friends at the West Palm movers have tips to help you manage clutter on a daily level that will seamlessly fit into your everyday life. Read on and learn more about how you can streamline your life and keep clutter out of your home.

Donate Items on a Weekly Basis. At least once a week, select five items that you do not need. Donate them to the homeless, or shelters such as Salvation Army, or give them away to family/friends, or toss them all together. Toys, clothing, DVDs, and magazines can all take up space in your home that can be avoided. Pass along books and other items you don’t use regularly and watch space open up in your home.

Challenge Yourself with Timed Increments. Straighten up your desk in five minutes, clean the bathroom in fifteen minutes, fold a load of laundry in ten. Giving yourself limits will prevent procrastination and also help you realize that small efforts made on a regular basis can help in the overall scheme of maintaining a clean home.

Create the Storage You Need. Figure out what works best for you, and create a system. Maybe you like your clothes organized by item and color, or maybe you work better by organizing your closet into pre-planned outfits. Whatever works for you, set up your space to work that way. Items constantly passed over should be donated.

Toss Junk Mail Before it Gets Inside. Check the mail at the door and immediately toss what you don’t need or want. Junk mail can also come in the form of envelopes and plastic discarded from magazines and other mail can quickly be a source of clutter in your home.