Palm Beach County’s rebounding Real Estate Market

West Palm Beach, Florida - As the recession finally appears to be in the rearview mirror for some areas others are still sinking further. However the development has returned to Palm Beach County, as some sources are reporting. There were plenty of projects that were on hold or closed down dues to the old Community Reinvestment Act destroying the Real Estate market. One project that has restarted is the long-stalled Cannery Row development. The Developers on many projects ran out of funding or decided to wait as home prices fell to record lows.

Palm Beach County Real Estate Development News

The plan was for a townhouse development in Pineapple Grove at the site of an old shopping center. But prolific Palm Beach developer Ironwood Properties stalled the project in 2007, along with several others it had forged, as the recession hit. But now the Cannery Row plans are back from the dead, as a clubhouse and pool were already built on the site and the first of three townhouse buildings, each with four units, will be completed this spring.

Ironwood was inspired to build by what it saw to be growing confidence in the real estate market. That move has paid off as six Cannery Row homes, each asking about $600,000, are already sold. The Mortgage Lenders will have to feel comfortable to start lending again. We must realize that if forecast have homes dropping another 3% to 4%, Mortgage Lenders and Banks will have to be funding below LTV (Loan to values) of projected dips in price.

West Palm Beach and Delray Beach Homes For Sale

Two developers have preliminary plans to build two condos in the county, one high-end one mid-tier, according to Premier Sales Group. Meanwhile, in the commercial sector, West Palm Beach-based McCraney Property Company was finally able to refinance its industrial portfolio and has found new tenants for 250,000 square feet of vacancies in its 2 million-square-foot portfolio.

Delray Beach and the Beautiful Atlantic Ocean

Cannery Row, set just north of Atlantic Avenue, is in the heart of Delray Beach’s Pineapple Grove and Bankers’ Row historic districts. The Pineapple Grove neighborhood is home to some of the finest shops, restaurants and galleries in Delray Beach. This area is a thriving arts and cultural center and full of excellent restaurants. Downtown Delray Beach’s mélange of history and energy provides the perfect setting for the elegant townhomes of Cannery Row.


Palm Beach County Retail Shopping Outlet Center Coming

The West Palm Beach area has news as the new owners are getting set to demolish the longstanding Palm Beach Mall. This was the first shopping mall in the Palm Beach County area and was the place to be during the 80's. Many West Palm Beach Residents were saddened to see the Palm Beach Mall slip away with crime and store closings. Rather than redevelop Palm Beach County’s oldest mall into a new outlet center, the partnership that bought the Palm Beach Mall in October has decided to demolish it and build a sparkling new facility.

Now, the $35.5 million New England Development, Eastern Real Estate and Lubert-Adler paid to buy the firm doesn’t seem like such a bargain price. Looking into the cost of planning, preparing and constructing the Palm Beach Fashion Outlets, as they will be known, likely brings the total price north of $100 million. New England Development Chairman Stephen Karp told the Post that he’d likely file plans with West Palm Beach in the next 90 days.

The developers are in talks with a whole host of retailers, and said that JC Penney, one of the two retailers that remain open at the mall, would likely get a new building. The new Retail Shopping Center Owners are in contact with over 100 net lease tenants right now. Currently some of them are in different stages of negotiations, some of them with lease requests at this point in time.

Florida Seniors and Young Adults Buying Homes

Seniors and Young Adults Will Influence U.S. Housing Markets

Aging baby boomers and their echo boomer children will significantly impact trends in the nation’s housing market over the next 20 years. In a new report released by the Bipartisan Policy Center, “Demographic Challenges and Opportunities for U.S. Housing Markets,” researchers at the National Association of Realtors®, The Urban Institute, and the University of Southern California analyze key demographic trends and their likely influence on housing and homeownership in the United States.

The Baby Boomer Generation Welcomed in West Palm Beach Area

Over the next two decades, the aging baby boomer generation will swell the nation’s senior population by 30 million. That demographic shift will likely help increase the supply of housing, since people over age 65 typically release much more housing than they absorb.

Northeast and Midwest Residents Decide on The South Florida Area to Live

“The Northeast and Midwest are most likely to see a large number of older homeowners selling their homes to younger homeowners as the baby boomers age,” said NAR Chief Economist Lawrence Yun. “This increased supply could mean additional buying opportunities for echo boomers. That generation will absorb 75-80 percent of the available inventory of owner-occupied housing by 2020.”

Palm Beach County Real Estate Is A Great Place for Young and Elderly Homeowners

The echo boom generation includes nearly 65 million people born between 1981 and 1995. NAR’s analysis illustrates the potential impact of economic and housing policy on this generation’s demand for housing as they come of age.

“Housing, jobs and the economy are inextricably connected,” said Yun. “A strong recovery with favorable housing market conditions would encourage substantial growth in echo boomer households, which would help absorb the current vacant inventory and stabilize conditions for residential construction.

South Florida Homes and Condominiums Deals

Under a reasonable ‘middle’ recovery scenario, approximately 12 million new households will be formed over the next decade, requiring construction of up to 15 million new housing units.”

Buying a Home in West Palm Beach Florida

NAR President Moe Veissi noted that current market trends favor would-be homeowners of all ages. “As the supply of rental housing continues to fall, rents are increasing,” said Veissi, broker-owner of Veissi & Associates Inc., in Miami. “At the same time, affordability for homeowners is at a record high. For buyers who qualify and are ready to assume the responsibilities of owning a home, opportunity is knocking.”

West Palm Beach Homes and Palm Beach Island Condominiums

Anybody taking into consideration an investment in Florida Real Estate should take into account the south east portion of Palm Beach County. Specifically consider West Palm Beach Homes and Delray Beach Condominiums. It appears The People from the North are heading there. The West Palm Beach area has stunning weather, and the retail and restaurants sector is booming. There are plenty of sources for Florida Homeowners Insurance in the vicinity also.

Seniors and Young Buyers Buying a Condo in Florida

West Palm Beach and South Florida has homes and condos with tranquil views. Many are seated on a golf Course or situated near a course. West Palm Beach homes have suburbs with privacy, some with horse property and others with gorgeous waterfront views.

West Palm Beach Home Buying Decisions

How Do Men, Women Make Home Buying Decisions?

West Palm Beach, Florida - While the price of a home and its square footage are important factors in judging a home, women and men also base their decision largely on how they “feel” and whether the home fits their lifestyle, according to a new survey conducted by Coldwell Banker Real Estate.

The survey of 1,000 men and women found that the sexes don’t differ too much when it comes to sizing up a home to buy.

Daily Florida Real Estate News

For more than a quarter of home buyers, the home’s “feeling” has to be just right to make them want to buy. Twenty-eight percent of women and 25 percent of men put more emphasis on their feelings about a home than they do the square footage, price, or even the layout, according to the survey.

Multiple Visits For West Palm Beach Home Buyers



The survey also found that it doesn’t take multiple visits to a home to know if a home is right for them. Sixty-two percent of women and sixty-one percent of men knew within the first visit if a home was the right one.

Palm Beach County Homes For Sale Business News

“A home is more than square-footage and the number of bedrooms and bathrooms, and this survey shows just how much emotion can play a role in home buying process,” says Jessica Edwards, Coldwell Banker Real Estate consumer specialist. “When two people are looking for a home together, there are many considerations to take into account. Of course, price and layout matter, but ‘feeling at home’ is an important factor.”

Social Networking and West Palm Beach Homes For Sale

West Palm Beach, Florida - Our West Palm Beach Homes site has information on Social Networking and Real Estate. We many West Palm Beach Residents are progressively more switching to the Internet to search out information and facts on West Palm Beach Homes and real estate. The West Palm Beach Homes site has seen that since 2008, approximately 83% of West Palm Beach Florida home buyers have made use of the Internet to guide them for their West Palm Beach Homes search.

Aside from utilizing the Internet to check out West Palm Beach Homes, we see that West Palm Beach residents are using the Internet to find West Palm Beach real estate specialists. The West Palm Beach Homes site sees this as a reason of why it is highly recommended for West Palm Beach real estate agents to plan proactive measures to market themselves online for West Pam Beach Home Buyers and Sellers. Also many Companies like Cheap Car Insurance Quotes use social networking for Car Insurance.

Our West Palm Beach Homes site wants to show our appreciation the social networking websites like Facebook, LinkedIn, and one our favorites Twitter. The West Palm Beach Homes sites suggest that this is a reasonable process for all Florida Real Estate Brokers and Agents to identify a beneficial presence online for their future. Therefor West Palm Beach real estate brokers and agents will have additional chance to sell West palm Beach Homes, make money on your commissions, and, most importantly, you can help your Florida Buyers and Sellers realize their Florida real estate objectives.

Yes, the West Palm beach Homes site see social networking is becoming a great deal larger: We saw reports that about Half of all West Palm beach Residents now say that they often use a social networking site. The West Palm Beach Homes site remembers that nearly seven years ago, only about 4 or 5% of West Palm Beach Residents adults reported using social networking sites.

The West Palm Beach Homes site does remind people in Florida that some social networking sites have their ups and downs. We recall when MySpace was so huge yet today Facebook and twitter dominate the social networking market.

The West Palm Beach Homes site saw a recent report that showed Women between the ages of 18 to 29 are the known as “power users” of social networking sites. We are not surprised as we see so many West Palm Beach Women using social networking sites every day. Just about 89% of Florida Women in that age group use social networking sites, with at least 69% do state that they take advantage of social networking sites such as twitter on a daily basis. It is definitely seen that some West Palm Beach residents are addicted to social networking sites like Twitter and Facebook.

Even though the West Palm Beach Homes site realizes that social networking has flourished over most recent years, the Internet is still used for the majority of time with email services and online searches. The West Palm Beach Homes site sees that about 62% of West Palm Beach Florida residents have stated that they proceeded to go online every day to check their email, nearly 59% for searching on sites like Google, Yahoo and Bing.

West Palm Beach Homes For Sale

West Palm Beach, Florida - West Palm Beach Homes information today is on Home Ownership. According to the 2010 National Housing Pulse Survey, an annual report released today by the NATIONAL ASSOCIATION OF REALTORS nearly eight out of 10 respondents believe buying a West Palm Beach Home is a good financial decision. This is despite ongoing challenges with the economy and housing market.

Because of the economy and the Community Reinvestment Act, lower home prices have made it more affordable for those who could not get a Mortgage in the past. In fact, the percentage of renters who are worried that the cost of housing is getting so unaffordable that they will never be able to buy a home has decreased steadily since 2007, from 63 to 57 percent.

The National Association of Realtors’ HouseLogic is a free, comprehensive consumer website about all aspects of homeownership. They recently launched Operation Home Relief which is a new Facebook Causes campaign. This campaign aims to increase awareness, rally support and raise funding for USA Cares, a nonprofit organization that provides counseling and financial foreclosure assistance to post 9-11 active duty U.S. military service personnel, veterans and their families.

HouseLogic will donate $1 to USA Cares every time someone “likes” the Operation Home Relief Cause page on Facebook and will match individual donations made to the cause, up to $20,000.

Our U.S. military service members bravely face danger around the world every day on behalf of us, Americans. Yet, some military service members and their families also face financial dangers and hardships at home. “USA Cares’ sole mission is to help these service members and their families in their time of financial need. Their new Facebook Causes campaign highlights the work USA Cares is doing, reminding Americans of the many challenges faced by U.S. military service members and their families, and generates support via Facebook for the help that we’re offering every day.
Our Military deserves our support if anyone does.

For all your Mortgage and Loan needs is Loanrise. Contact us, HERE for a new Commercial Mortgage Loan or for commercial refinance rates on all Commercial Property.

Search For Triple Net Lease Properties

If you are ready to invest in Commercial Real Estate, Net Lease Properties then contact us, HERE.

West Palm Beach Homes & Pools

Palm Beach Gardens, Florida - Many people come to South Florida and want to buy Palm Beach County Houses, or Boca Raton Homes with a pool. We have some information to consider when buying a Home with a pool.

Palm Beach County Pool Owners: Be Prepared to Pay

The water temperature may be just right for your comfortable dip in the pool, but the cost of buying and operating a pool is scalding. Any Buyer of West Palm Beach Homes who contemplates owning a pool should expect it to cost at least $2,000 a year, or $5,000 if they turn the job of maintaining it over to a pool service.

West Palm Beach Houses with Pools

Installing a pool along with the required extras like a high fence costs at least $25,000 and probably $40,000 - $50,000 is a better estimate. And in some parts of the country, it isn’t likely that pool owners will get their money back when they sell their real estate.

Resale Value of Palm Beach County Homes with Pools

Some economist and financial planners question whether it adds anything to the sale price of homes. Then there are those who actually believe it may contribute something, but you'll never get your money out of it on the resale. The Palm Beach County Houses, Condominiums and Townhomes with a pool offer such a reward, especially in the summer months.

Commercial Real Estate Sources

Net Lease Properties & Commercial Real Estate Sources are available.

Also, feel free to Contact Net Lease Properties site to sell your Commercial Real Estate at Net Lease Properties HERE.

For all your Commercial Mortgages and Loans is Loanrise.com.

Time To Buy West Palm Beach Homes?

West Palm Beach, Florida - It appeasr now is the time to find West Palm Beach Housing Deals. In this troubled market some Investors have given up hope. They are more willing to look at deals and possibly offer Owner financing.
If you are trading up, what better time than when interest rates are at record lows and the cost of the trade-up is much less than it used to be.

Considering we have 15-year fixed-rate mortgages at about 4.5 percent, it also makes sense to pay off the mortgage and keep the house.

At this point, most investment products are not giving remarkable returns so West Palm Beach Real Estate is still have obvious choice.

Commercial Real Estate Sources are available here.

Feel free to Contact US HERE to find your Real Estate in West Palm Beach.

For all your Mortgage and Loan needs is Loanrise.

Smaller West Palm Beach Homes Okay for Generation Y?

West Palm Beach, Florida - West Palm Beach Homes in the past have been large and historically well designed. However it appears Real Estate Developers are thinking small in an effort to keep prices low and satisfy Generation Y buyers. Many Generation Y Home Buyers are more concerned about location than they are about spacious accommodations.
Compare Condos for sale in San Francisco. San Francisco has a number of complexes where units range from 250 to only 350 square feet. In Vancouver, British Columbia, there is a “micro-loft” building where apartments are 270 square feet.
Some Real Estate Developers are under the impression that for Gen Y, the home is a place to live out of, not to live in.

Real Estate Financing Still Available

Feel free to Contact US HERE to find your Real Estate in West Palm Beach.

Coming soon for all your Mortgage and Loan needs is Loan Rise.

Commercial Real Estate Turnaround Likely Next Year

West Palm Beach, Florida - We have some Commercial Real Estate News for today.
Vacancies are still increasing in many parts of the U.S. and new commercial construction will be sparse this year, Kermit Baker, chief economist for the American Institute of Architects said Wednesday.

It is apparent that there are a number of factors at play that are contributing to one of the steepest construction downturns in in over 50 years.
Many businesses are nervous about expanding their facilities, a fragile financial sector, excess commercial space, and general unease in the international economy. It would have to help if this administration was more pro-business to help ease fears.

Some economists are predicting a demand for retail, hotels, healthcare, and recreation facilities could result in a turnaround for Commercial Real Estate, in 2011.

Search For Net Lease Properties & Commercial Loans

If you are ready to invest in Commercial Real Estate, Net Lease Properties then contact us, HERE. We can also assist you with your Real Estate Mortgage to purchase a new property.

West Palm Beach Mortgage Rates Hit an All-Time Low

West Palm Beach, Florida - Were you waiting for low interest rates to buy a West Palm Beach Home, Condo or other Real Estate in Palm Beach County?
Average interest on a 30-year fixed mortgage fell to an all-time low of 4.69 percent this week. These interest rates are down from 4.75 percent a week ago, reports Freddie Mac.

Although rates have held below 5 percent since early May, some Lenders note that demand for purchase loans has fallen in six of the past seven weeks and now is at a 13-year low. Consumers have grown used to low rates, he explains, adding that they balk at buying because they are more concerned about stagnant wages and high unemployment.

Feel free to Contact US HERE to find your Real Estate in West Palm Beach.

Coming soon for all your Mortgage and Loan needs is Loan Rise.

Palm Beach Home Sold for $10.3 million, Owned by James Patterson

PALM BEACH, Florida — A Palm Beach home owned by the best-selling author James Patterson has recently sold for $10.3 million, according to the Palm Beach County Clerk and Comptroller.

James Patterson, who bought the five-bedroom, seven-and-a-half-bathroom home in 1999 for $5.2 million, is moving his family to another Palm Beach oceanfront mansion that he purchased for $17.4 million last year.

The Everglades Island home at 686 Island Drive was bought by Robert Greenhill of Greenwich, Connecticut.

The plantation-style colonial home has about 11,000-square-feet, a terrace surrounding a heated pool and spa, built-in barbecue and a dock with a boat lift.

It was listed for $14.95 million, and has a total market value of $11.83 million according to the property appraiser's office.

Built in 1933, the property also has 136-feet of frontage on the Palm Beach, Florida, Intracoastal Waterway.

Feel free to Contact US HERE to find your Real Estate in West Palm Beach.

Coming soon for all your Mortgage and Loan needs is Loan Rise.

West Palm Beach Home Insurance Information

5 Things About Florida Homeowners Insurance



This Video is helpful for West Palm Beach Homeowners or for anyone in Palm Beach County, Florida.
If you watch this Video you will find some guidelines to get the best coverage at the best price -- and not get dropped by your insurer. Florida Homeowners Insurance is needed when a Mortgage is in place for a Florida Home.

Florida Homeowners insurance policies are an important aspect of home ownership in Florida. When you are purchasing Florida home, the insurance can protect both you, your family and your home.

Feel free to Contact US HERE to find your Real Estate in West Palm Beach.

Coming soon for all your Mortgage and Loan needs is Loan Rise.

Florida Existing-Home Sales

West Palm Beach Homes are continuing to sell. News is that existing-home sales remained at elevated levels in May on buyer response to the tax credit. Most Florida real estate consultants characterized this by seeing stabilizing home prices and historically low mortgage interest rates. Gains in the West and South were offset by a decline in the Northeast; the Midwest was steady.

Existing-home sales, which are completed transactions that include single-family homes, townhomes, and condominiums were at a seasonally adjusted annual rate of 5.66 million units in May. That is down 2.2 percent from an upwardly revised surge of 5.79 million units in April. May closings are 19.2 percent above the 4.75 million-unit level in May 2009; April sales were revised to show an 8.0 percent monthly gain.

Contact us HERE to find your Real Estate in West Palm Beach.

Coming soon for all your Mortgage and Loan needs is Loan Rise.

Home, Condo Sales Rise & Loanrise.com

West Palm Beach, Florida - Sales of existing homes and condos rose in all three South Florida counties and statewide in April, according to some figures from Florida Realtors.

The median price of homes in all three counties also rise.
West Palm Beach Homes saw the biggest year-over-year jump, with 918 homes sold – up 35 percent from a year ago, when 681 homes sold. The median sales price was up 2 percent, to $239,100 from $234,400.

Condo sales in West Palm Beach rose 39 percent, to 1,024 units from 735 in April of 2009. The median sales price rose 4 percent, to $102,000 from $98,200.

Contact us HERE to find your Real Estate in West Palm Beach.

Coming soon for all your Mortgage and Home Loan needs is Loan Rise.

Palm Beach Home Show coming soon!

The Palm Beach Home Show is coming soon! Don't miss this extravaganza of hundreds of Specialists and home reference featured displays all in one location.

This Palm Beach Home show has everything you want from furniture, decorating ideas, landscaping, remodeling and interior design.

This event will benefit you if you're building, remodeling, decorating, landscaping, or just planning your next project to update your home. The Palm Beach Home Show is great.

This show will feature more than 150,000 square feet of displays and exhibits filled with local, national, and international companies showcasing futuristic technology and exciting new products and services to customize your home. The last show had excellent new information on home security systems.

The Palm Beach Home show takes place on March 12 - 14, this year.
The show will be located at:
Palm Beach County Convention Center
650 Okeechobee Boulevard
West Palm Beach, FL 33401

CitiMortgage to let delinquent homeowners stay to 6 Months

South Florida Radio stations have reported that CitiMortgage will let troubled homeowners stay in their properties for up to six months without making mortgage payments if they agree to transfer ownership to the bank. This form is called a Deed in Lieu of Foreclosure.

This program is available in Florida, Texas, Illinois, Michigan, and possibly some other States. If the plan proves successful, CitiMortgage will may expand it and other Banks may follow their path.

Some people think this will cut down on the number of homeowners who trash the Home.
West Palm Beach Homes For Sale has purchased some REOs (Bank Owned) that had significant damage.

Palm Beach Mall closing forever

West Palm Beach - The Palm Beach Mall will be closing down after Sunday. Many people have memories when this was the premier Shopping Mall in Palm Beach County. However those days are long gone.

Two stores that have longterm leases, JC Penney and George's Music and a Firestone Complete Auto Care on an outparcel portion of the Mall, will remain open for now. However the sad news is the mall will close.
ORIX, is the mortgage servicer for the mall, will take over from the Simon Property Group.
The future of this West Palm Beach Commercial Property is unclear, however there have been talks of a completer tear-down. At that point it would be possible for big box stores and offices.
By Frank Kilwin