Recently, more than 100 different brokers attended the second annual Palm Beach Real Estate Forecast for 2013. Held at the Ritz-Carlton Residences on Singer Island, and hosted by Lionheart Capital (the developer of the residences), its purpose was to discuss the changing real estate market, new trends being seen and to give brokers the opportunity to talk face-to-face with experts in the field.
James Gardner, a Wall Street Journal analyst, opened the forecast with a presentation about national survey results of Wall Street Journal readers and their real-estate-buying trends. Following the opener, a panel discussion talked about the current trends in both the national and Palm Beach real estate markets. The expert panelists included Peter Zalewski (principal of CondoVultures), Carolyn Block-Ellert (co-owner of Premier Sales Group, and Robert Kanjian (president of Building Solutions LLC). The South Florida Business Journal real estate reporter Oscar Musibay moderated the discussion. It discussed the new mindset of buyers in an ever-changing market, what buyers are looking for, who the buyers are and where they?re coming from, cash deals versus financing trends, increased prices, increased demand in the market for furnished apartments, and what is ahead on the horizon.
Today, more people are looking for readied apartments, and the Ritz-Carlton Residences on Singer Island has beautiful models to choose from.
Overall, it was shown that the real estate market is incredibly active, and it hopes to stay that way. By having the ability to ask questions to experts in the field, every broker left the real estate forecast better informed than before. Exciting things are ahead for the national and Palm Beach real estate markets.
Source: http://www.pbglifestyle.com/pbglm-blotter/palm-beach-real-estate-forecast-2013/
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