Year in review: Palermo home prices ´skyrocket´ in 2012

Continuing our year in review, the No. 7 story of the year is the increasing home prices at Palermo Palm Springs of the so-called non-distressed homes (not short sales or foreclosure sales), which have gone up between 50 and 75 percent from the years before. The reasons are said to include both - macro - a lack of modern homes on the Palm Springs market and - micro - the enhanced management situation, increased reserves and stable HOA monthly dues, and positively views that Palermo is a safe and stable community that enforces rules to protect investments and quality of life. Miss Penny Lane says: She´s happier than ever.