Some analytics say that in case if the real estate market collapse, West Palm Beach is going to be the place of the worst disaster ever. But some say that this can be prevented. According to the results of the previous year this area is considered to be the seventh nations the most distressed areas. The territory has about $ 2.5 billion of problematic property. Many hope that the changes will come with the new health reform as more doctors arrive to the area and they will need new property to live in. Besides people who have homes in West Palm Beach are about 70% over 60 and need special treatment.
One more factor that can help the area to survive is a plateau of reserve economic tendencies. Although the unemployment rate is very high, it’s less than before and the sales of existing homes have improved.
The local authorities hope a lot that these two factors are sure to help the area to recover from the crisis.