April 8, 2016
Fort Lauderdale and Palm Beach County both ranked in the country's top 5 single-family home real estate markets, according to a new report. Fort Lauderdale took 5th place, and Palm Beach County came in 4th place. The study ranked the top 50 markets in the United States and took rising home prices, affordability, home appreciation and economic and demographic conditions into account. A top 5 finish for both Fort Lauderdale and Palm Beach County is impressive!
Home prices in Palm Beach County rose 14.1 percent year-over-year, while prices in Fort Lauderdale increased 8 percent in the same time period. In addition to being one of the top single-family home markets, Fort Lauderdale was also recently ranked one of the top cities in the nation for real estate investment. Forbes predicts the city to have a 3-year appreciation rate of 20 percent!
For the most comprehensive information on these two superb housing markets, contact Niki Higgins at +1-954-817-2500 or +1-888-242-4422!
Source: The Real Deal
