Palm coast florida real estate market forecast,foreclosures in warrenton va 20187,mobile homes for sale in san diego county - Good Point

20.06.2014
Nestled amidst the eastern shore of the Florida Panhandle, the city of West Palm Beach is a popular destination for both tourists and budding technology enterprises.
Like most cities in the state of Florida, the West Palm Beach real estate market got hit hard by the recession. Representing just over 35 percent of the area’s distressed market, homes scheduled to be placed up for auction have declined 38.1 percent in the last year. Again, West Palm Beach real estate continues to remain affordable, but nothing can match the prices offered by the distressed inventory. It also wouldn’t hurt the West Palm Beach real estate investing community to know where to look.
The distribution of housing inventory is heavily in favor of homeowners, as 53.4 percent of the city’s homes are owned.
About 13 percent of all the mortgages in the West Palm Beach housing market are delinquent, which is more than twice as much as the national average. For as bad as things looked during the recession, the West Palm Beach housing market has made an incredible run. Actively investing in real estate, FortuneBuilders is uniquely built to provide investors with the right education and systems for success.
With an influx of money entering the city from all over the world, the West Palm Beach economy has managed to outperform that of Florida and the nation. The real draw, however, are the discounts provided by the area’s distressed property market. Non-distressed properties are selling for an average of $136,500, which is well below the national average.


Fortunately, Trulia has done the legwork and identified the city’s most popular neighborhoods.
The United States housing market has a delinquent mortgage rate of approximately 6.3 percent. That said, the West Palm Beach housing market has the support of several prominent indicators. By RealtyTrac’s count, the West Palm Beach housing market is currently home to more than 5,600 properties in some state of foreclosure. When all is said and done, foreclosures in the West Palm Beach real estate market have only increased a modest 1 percent in the last year. However, if that wasn’t enough, properties in distress are selling for more than 12 percent less, or $118,900.
Florida actually leads the country in all-cash sales, with 51.8 percent of all sales using cash transactions. Also higher than the national average is the percent of homeowners that owe more on their mortgage than the home is currently worth. Home prices have appreciated at historical rates, the job sector looks strong, and housing is relatively affordable. Housing prices remain affordable, and healthy income trends continue to favor local demographics. Surprisingly, distressed properties are spread fairly even between pre-foreclosures, auctions, and bank-owned properties. Nonetheless, these properties offer a lot of opportunities to the West Palm Beach real estate investing market.


For all intents and purposes, the West Palm Beach housing market is heading in the right direction.
The savings are enough to peak the interest of even skeptical West Palm Beach real estate investors. Fifty-nine percent of all the homes bought in the West Palm Beach housing market were purchased with cash, enough to land the city second on the list. The city is in a great position to expand their overseas trade activity, therefore producing a lot of revenue.
550sf)Extras: irrigation with well, circular driveway, electric fireplace, outdoor shed, surround sound wiring, instant hot water, solar hot water, security, 10ft.
That is $6,450 that West Palm Beach real estate investors could put into their next investment.
The culmination of all these things is a great sign for both West Palm Beach real estate investing and its residents. If you are a landlord, rental rates are equally attractive, as the median rent price in West Palm Beach is $1,400.
It is only a matter of time before the area’s real estate industry is firing on all cylinders.



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