Moody's Analytics expects home prices in the US to level out in 2012, then start to rise.
As a general theme, we believe it is important to follow the trends of the overall market (US) and be knowledgeable of the local areas, as real estate is a local business.
Some Realtors believe certain parts of Palm Beach County in Florida have already bottomed. One was recently quoted in a local publication that "for Delray Beach and Boca Raton, I feel the bottom was here a few months ago and things are already starting to look up." There are Realtors who were quoted as predicting a 2.0% annual increase by 2013.
I do not anticipate any significant price appreciation in the Palm Beach and Broward County markets for 2012. Please see our prediction for the 2012 market in a post during December 2011.
The median home prices for Palm Beach County have declined about 50% over the last six years. These significant price declines mean buyers today should not fear a large decrease in home equity, in my view.
As a local Realtor, I am aware of the trends in the US market as well as in many of the communities in which I specialize. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at www.langrealty.com/agents/michael-friedman
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
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