Market Data

The U.S. economy presents a mixed picture. After witnessing steady growth through 2024, high tariffs and escalating trade tensions have created uncertainties that could lead to a slowdown. While the job market currently appears resilient, expectations of a short-term tariff-driven rise in inflation have increased. Concerns over financial and economic stability, as well as the risk of recession, are growing amid ongoing trade war uncertainty. However, if heightened tariffs prove ultimately to be a negotiating strategy, it’s widely assumed inflation will resume its downward path. Market uncertainty will continue to play out as policies ultimately right-size. The local Palm Beach residential real estate market started the year off strong, rebounding from the election year uncertainty and segueing into a robust first quarter for 2025. Among single-family residential, steady demand and diminishing inventory maintained upward pressure on pricing, and the previously slowed condo/co-op markets also demonstrated a rebound. President Trump’s presence in Palm Beach continues to draw significant interest and attention to this marketplace as a center of power and influence. Across the bridge, considerable growth and investment throughout Palm Beach County is fueling tremendous momentum and demand, which shows little signs of waning in the months ahead.