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Palm Beach County Housing Rebound Top in the Nation

January 16, 2013 / usifredo

Even though South Florida was one of the hardest hit real estate markets, it’s now the most improved. According to a January report from ZipRealty, a California brokerage firm, Palm Beach County’s median home price hit $169,000 in December, marking a 35% increase for the year.

Neighboring Broward County’s median price was recorded at $127,000, a 21% jump that ranked ninth nationwide. Miami ranked 10th in improvement, alongside Sacramento.

Homes in South Florida lost about half their market value in the housing bust, leaving many in upside down mortgages and others in foreclosure. The market bounced back in a big way though, leaving investors, buyers and all businesses with a sigh of relief.

Strong demand by investors, a shortage of homes for sale and rising rental prices contributed to the successful recovery, according to real estate brokers. Distressed homes drew many investors into the market, as lenders were paying owners to go through with short sales in order to leave the properties in good condition.

According to Joseph Pucillo, a vice president at ZipRealty, “Investors are paying $250,000 for homes that would have cost $400,000 a few years ago. It’s valued very attractively right now. It just makes sense to go there.”

Last December, the average home price was reportedly $125,000.

As the market continues to recover, the available homes for purchase continues to decline – meaning prices will only rise.

Many investors are coming to the area through the EB-5 Regional Center, U.S. Immigration Fund. It’s Florida division, Florida Regional Center, has begun construction on several South Florida developments. Projects include Via Mizner Golf and Country Club, in Boca Raton; Harbourside Place, Water Pointe, and ESI Jupiter Technology, in Jupiter, Florida. These projects are bringing jobs, and will continue to do so, increased market value to its surrounding region and stability for investors.

虽然南佛罗里达州前几年在美国房地产市场方面受打击影响严重,但现在却进入了快速反弹恢复期。根据加州地产经纪公司 ZipRealty一月份的最新报告,12月棕榈滩郡的平均房价达到169,000美元,年增长幅度达到了35%。

周边布劳沃德郡的平均价格为127,000美元,上涨了21%,上涨幅度排全国范围内第九。迈阿密与萨克拉门托齐名,位列第10。

南佛罗里达州的居民在房地产泡沫中损失了约一半市值,留下许多倒挂的抵押以及其他丧失抵押品赎回权。尽管市场反弹距离完全恢复还差很远,但它仍让投资者、买家以及企业松了一口气。

根据房地产经纪公司的消息,投资者的强劲需求、待售房屋的短缺以及房屋租赁价格上涨等都为本地地产复苏做出了贡献。因为贷款人通过短期出售来支付业主,房产条件良好,因此止赎房屋吸引了众多投资者进入市场。

ZipRealty公司副总裁 Joseph Pucillo表示,“投资者现在只要25万美元即可买到几年前原本需要40万美金的房子。现在很吸引人和抢手。现在入手是绝佳时机。”

去年12月,据报道平均房价为125,000美元。

随着市场不断恢复,可供购买的住宅将继续下降 – 这意味着价格将只涨不跌

许多投资者通过美国移民基金EB-5区域中心来到这里。佛罗里达区域中心已开始在南佛罗里达州发展建设。项目包括了Via Mizner 高尔夫度假村、Harbourside Place、Water Pointe、朱庇特ESI科技园等。这些项目为创造就业、促进周边经济发展以及投资稳定做出了大量贡献。

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