The city of West Palm Beach, Florida is beautiful, sunny, has no shortage of shopping, amenities, housing, and beaches – making it an attractive city to move to. It is inevitable that the New Year will bring many new residents into the area, and although they are certainly welcomed by West Palm movers, local residents are concerned about the effect that high housing demand will have on the market.
So far, the 2016 West Palm Beach predictions are as follows:
– More companies are expected to expand and relocate to West Palm Beach, so unemployment will continue to decrease.
– Gas prices are expected to remain low, as it is typically does during election year.
– Tourism will continue to fuel hotel revenue and growth, adding to consumer spending in local markets and businesses.
– Housing and commercial projects are to commence or complete construction.
The professional West Palm movers at All My Sons Moving & Storage have been informed that the aforementioned progress and success is great for the local economy, but will make it difficult for those who are looking to move to West Palm Beach to be able to find affordable housing, although finding a job should not be an issue.
The only potential outlier is whether or not new constructions will commence, as election year tends to create market uncertainty, therefore causing some companies to delay major decisions.
On the bright side, West Palm real estate experts and market professionals say that 2016 is looking bright for Palm Beach County, as the influx of companies is bringing higher-paying jobs into the area, allowing those who are house hunting to be able to afford the potential increases.