Home price forecast (1 year):* -18.5%
The biggest factor in predicting home prices here is slowing population growth. For years West Palm gained residents, up about 19% through July 2006 from the 2000 census. During the 24 months through July 1, 2008, the city's population only gained about 1,000 residents, just over 1%.
See West Palm Beach on Money's Best Places to LiveHome prices went down nearly 10% in 2009 and more pain is expected in 2010, to the tune of another 18.5%. Is this a good time to buy a home in West Palm Beach?
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