Click title for link to article. The study may be available soon as it will be discussed at the upcoming City Commission meeting on 9/22. This from the article:
Mayor Rachel Waterman said she does not expect Lake Worth's property values to slide further.
"The people in real estate I talk to tell me they're already seeing positive signs," she said. "No one thinks property values will continue to sink."
Note to the Mayor, a friend told me about someone who just bought a 3 bedroom, 2 bath house on North K Street - just north of the elementary school. This property happens to have a pool. It was bought from the bank for $38,000. Its 2010 tax assessed value is $108,000. It does not seem that we have reached the bottom point yet...