Posts Tagged short sale transactions

Despite decline, Florida still sees significant number of distressed real estate transactions

Despite this improvement, distressed sales continue to dominate the state’s real estate market. Florida’s rate of short sales remains the second highest in the country, and the number of short sales began rising again in Palm Beach County over the past year. And although Florida home prices have been rising, they haven’t kept pace with the national rate. Whereas the median price of single-family homes increased by 3.4% in Florida during 2014, it increased by 5.1% in the United States as a whole.

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