| Delray Beach is a rapidly expanding city in South | | | | courses resemble planetary orbits and their |
| Florida's Palm Beach County that boasts | | | | relative price indexes are reminiscent of cosine |
| award-winning public beaches and upscale dining | | | | graphs. |
| and shopping. The only Florida city to win the | | | | Real estate experts are touting the idea that |
| All-America City award twice (connoting credit for | | | | Florida real estate investment is as obsolete as |
| constructive citizen cooperation to concur on | | | | the medieval barber surgeon due to the lapse in |
| certain community concerns), Delray Beach | | | | exceptional appreciation rates. As they continue to |
| residential properties continue to sell quickly when | | | | promote investment opportunities in other states, |
| they are priced properly and positioned in | | | | these experts are omitting the real estate |
| profitable parts of town. Downtown Delray is | | | | market's chief objective: to provide housing. |
| developing without delay, displaying a distinguished | | | | Industry media has depicted the so-called |
| diversity of new construction homes and condos. | | | | "collapse" of the Florida real estate market as an |
| But recently real estate for sale has replaced | | | | economically devastating catastrophe, but this is |
| investor interest and initiated an immense 39% | | | | not necessarily true. Until humanity has |
| drop in properties sold compared to last year. | | | | degenerated back so far as to revert to its |
| Homes are sitting on the market for 90- 120 | | | | hunter-gatherer past, permanent shelter will be |
| days, vastly varied from the 30 day average just | | | | seen as a necessity to human existence, thus the |
| a few months ago. Therefore, rates are | | | | real estate market will endure. And, if the |
| regressing, rendering real estate reasonably priced | | | | residents do not perform a mass exodus from |
| once more, relinquishing ruling power to the | | | | the state (picture a herd of off-white Cadillacs |
| buyers. | | | | fleeing Boca Raton at 16-miles-per-hour with their |
| Regressing real estate rates do not represent a | | | | right turn signals on), all signs show that the Florida |
| regional repugnance, but rather a national decline in | | | | real estate market will recover from this |
| residential real estate rates as supply has | | | | economic slump and prevail. |
| surpassed demand. Even as property values | | | | And now is an ideal time to invest! Prices are |
| wane, Delray Beach continues to build, offering an | | | | dropping in high quality new developments (like |
| abundance of new homes for low prices to | | | | Delray Beach's The Village at Swinton Square), so |
| potential homebuyers who wish to move to the | | | | formerly unaffordable homes are becoming viable |
| area or use their Delray Beach home as a long | | | | options for those looking for an actual residence |
| tern investments. Local developers have put | | | | or a long term investment opportunity. A |
| millions of dollars into building up Atlantic Avenue | | | | discriminating human vision is the only thing that |
| as a new hot spot for dining, shopping, and | | | | makes a property less attractive because of a |
| nightlife, as well as citywide renovations to | | | | price decrease. Viewed objectively and logically, a |
| promote local economic growth by attracting | | | | depreciating market cannot affect Florida's |
| people to the region. Homes in Delray Beach tend | | | | ambiance or climate. |
| to be younger than the national average (21.7 | | | | A high proportion of people who purchase |
| compared to 27.2 years, respectively) and real | | | | property in the panhandle are retirees in pursuit of |
| estate appreciation is a whopping 25.82% (in | | | | a pleasant place to pass the rest of their days. |
| contrast to the 13.62 national average). But even | | | | Due to their age, senior citizens are not seeking |
| with these impressive statistics, Delray Beach real | | | | speedy investment transactions to secure savings |
| estate remains an affordable alternative to other | | | | as they have selected to stop working and spend |
| Florida destinations. | | | | their time in leisure activities. Retirees will keep |
| The decline in properties sold mirrors the state | | | | purchasing property in Florida because of its many |
| and nationwide trend of a softening market, but | | | | activities attractive to the elderly and the climate's |
| this lapse in massive appreciation rates is only | | | | therapeutic value. |
| truly a problem for investors intent on flipping | | | | Florida is also heavily powered by the tourism |
| their properties for profit immediately. Such | | | | industry, a market that depends on big-spending |
| practices are no longer recommended in a | | | | vacationers who are just passing through town. |
| softening market, but long term investment is still | | | | Palm Beach County's individual tourism industry |
| a viable option as home prices will undoubtedly | | | | clears $1.5 billion per year, making it one of the |
| rise again after buyer interest is renewed. Think | | | | most profitable businesses in the area. Generally, |
| of real estate investment like any other | | | | travelers stay in hotels, therefore a decline in real |
| short-lived fad; a craze that starts as abruptly as | | | | estate appreciation will not lessen the appeal of |
| it ends, is reviled for a time as people rebound | | | | Pirates of the Caribbean, thus local employment in |
| from the humiliation that only such obsession can | | | | the industry will not falter. Tourist attractions will |
| warrant, then is brought back for nostalgia by | | | | prevail as long as Americans continue to |
| VH1 shows until it is trendy again in a kitschy | | | | appreciate roller coasters, beaches, alligators, and |
| William Shatner sort of way. Industries operate in | | | | shaking hands with mascots. |
| cyclical patterns, continuously vacillating so their | | | | |