The tables have turned in South Florida’s vexing real estate market making it better to buy than rent, but just barely and there are caveats, according to a new study from Florida Atlantic University.

Despite sustained high home sale prices that in Palm Beach County reached record extremes this summer, housing economists at FAU and Florida International University said a continued influx of residents and a nagging lack of inventory means housing costs have likely stabilized and have the potential to grow.

Ken H. Johnson, FAU's lead author on the study, said until recently it was slightly better to rent than buy in the Miami-metro area, which includes Palm Beach, Broward and Miami-Dade counties.

This is the first time since the universities began generating the study in late 2022 that they are favoring buying a home over renting.

Click here to read the full article on The Palm Beach Post website.

During the 1920s, the Flamingo Park Historic District experienced significant growth alongside the initial phase of land development in downtown West Palm Beach. Presently, the district is once again thriving due to its historic architecture and its advantageous proximity to downtown. A new and exciting endeavor is in progress: the creation [...]