11601 Kew Gardens Ave, Suite 101, Palm Beach Gardens, FL 33410 Cell: 561-371-1830 Email: Chrissy@ChristineGrieco.com
This blog will follow the real estate trends of the Palm Beach Gardens, Jupiter, and Stuart areas and share my ideas on what is happening in the market. I will also be keeping up on local events, restaurants, and what I think makes the Palm Beaches a great place to live.
Wednesday, June 9, 2010
County Foreclosures Fall in May
I am continuing to see signs of recovery everywhere I look. Industry trends show that despite the doom-and-gloom predictions, the Palm Beach County foreclosure filings in May decreased for the third straight month in a row. Even more surprising, it is a 40% drop compared with May of 2009! Stan Humpries, chief economist for Zillow.com spoke at the National Association of Real Estate Editors conference, said that some areas in California are seeing a rebound of house prices as foreclosures are being depleated from inventory. If you are considering putting your home on the market, this is a great time to list your home, as the same is beginning to happen here.
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