Real Estate & Economic Insights for the week ending May 8, 2020
COVID-19 continues to dominate the headlines as the financial markets react to the US economy losing more than 20 million jobs in April. As businesses start to reopen there is a watchful eye on how many will be able to return back to a meaningful level of operations.
The real estate market in South Florida remains fairly static as Palm Beach, Broward and Miami-Dade county have not started “Phase 1” of reopening unlike the 64 other counties throughout the state. According to Governor DeSantis the South Florida counties were not included as part of the initial reopening as they have much higher rates of COVID-19 cases and related deaths.
To learn more about the residential and commercial real estate market in Palm Beach County as well as throughout South Florida, please visit the Market Reports page on our web site. Every month it is updated with the latest published reports on the housing market in Palm Beach, Martin, Broward, and Miami-Dade counties as well as commercial real estate information which is provided by data providers and local market experts.
During this past week we found the following articles related to real estate and the economy that are useful in highlighting both where things stand and where we are headed.