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Elliman Report: Palm Beach Sales 1Q 2020

Final two weeks of March 2020 • The first quarter of 2020 showed a jump in closings as sellers became more in sync with the current market. However, that pattern was not reflective of the recent change in market conditions that began in early March and has been measured in terms of days. Awareness of the global pandemic known as COVID-19 cooled conditions with two significant rate cuts by the Federal Reserve and the statewide shutdown of non-essential businesses. The most critical metric…

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Housing Notes by Jonathan Miller

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