Harrowing home price gains in Palm Beach County this year may seem reminiscent of the heady days before the real estate market crashed, but economists say the region is not veering toward another bubble.
Shrinking supply, investor demand and low mortgage rates combined to shoot median sale prices up 22 percent between January and the year’s high so far of $265,000 in April, according to the Realtors Association of the Palm Beaches.
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