Once again Palm Beach county is setting records in the world of real estate "according to RealtyTrac’s
Foreclosure(REO) Market Report for February 2013: One in every 282 housing
units with a mortgage had a foreclosure filing during the month – more
than three times the national average." that ups 6% from January 2013 and up 20% year to date. Florida has the honor to be #1 in the nation with the highest foreclosure rate for the past six months in a row!
Now dont let these stats get you down, on the contrary if your a buyer you should get excited because what this means to you is OPPORTUNITY. These REO homes coming to our markets soon have been in the REO pipeline for a long while. In the mean time Palm Beach County homes sales has been steadily growing with inventory drying up which has resulted in a shortage of good resale inventory.
So if you have been wanting to buy a home in our area look at the increase of REO properties coming as OPPORTUNITY to get a good quality home at below market prices.
You can keep track of REO inventory as well as daily changes through my website http://www.peterrejune.kwrealty.com. Just select the area of the county your interested in,
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