As anticipated, the Palm Beach real estate market has maintained its impressive upward trajectory. On a global scale, challenges related to Covid-19 continue to afflict local communities and disrupt supply chains, while inflationary threats, forecast shifts from the Federal Reserve, and new tax bill legislation have all impacted Animal Spirits. Against this broader context of uncertainty, the Palm Beach real estate market has demonstrated staggering demand and significant price increases across all asset classes, continually attracting residential buyers, commercial tenants and long-term investors all allured by the intrinsic attractive qualities of this market.
