Home sales data for first quarter

The official numbers are in for Palm Beach and it looks very promising ! Home sales for the first quarter of this year are up over 20% from last year. This, in spite of the huge spike in foreclosures. But, the reasons are really two fold. First, median home prices have fallen 31% year to year. Second, much of the activity is being generated by the first time home buyer rebate program, that is the $ 8,000 carrot from the government. Visit me on the web at: