Money, It's a Gas - 02/26/12 05:04 PM
Interest Rates Remain in a Very Tight Range
Interest rates are going nowhere. Or at least they haven’t gone anywhere substantial since they dipped down below 4% for a 30 year fixed mortgage back in the beginning of December. In fact, for the past for the past 13 weeks they have stayed in a range between 3.85% and 3.95% staying below the 3.9% barrier for the 5th straight week. With the Fed keeping rates at this ridiculously low levels they keep hoping they are going to fix the housing market but they really have few tools left in their magic chest.
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February Slowdown in Palm Beach County Foreclosures Continues - 02/26/12 01:38 PM
3rd Party Success Rate at Palm Beach County Foreclosure Auctions Down AgainThe foreclosure process is a daily reminder of how the market run up of real estate prices earlier in the century proves what goes up must come down. And crashing down they came but the historical support level for pricing has been broken and with real estate now trading some 20% lower than normal price growth it remains potentially the best investment opportunity one will ever see. Most expectations are for prices to continue to stabilize throughout the year as a projected increase in foreclosure numbers over 2011 continues to … (2 comments)

30 Year Fixed Mortgages Remain at Record 3.85% - 02/20/12 02:52 PM
Interest Rates Remain “Stuck” at Record Low
Amazing how cheap money is these days and those buyers able to qualify and those who haven’t refinanced are negotiating some fantastic bargains. Keep in mind that we have never had rates this low in the half century plus that long-term mortgages have been around. While the chances of any significant further declines in property values are slim some buyers are still fence sitting but it is hard to figure out why. Keep in mind that historically real estate in the United States during the post war era have increased in value an average … (2 comments)

Foreclosure Levels in Palm Beach County Remain Below Average - 02/20/12 02:15 PM
3rd Party Success Rate at Palm Beach County Foreclosure Auctions DipsFor the second straight week we have seen a very significant decrease in the number of foreclosures finalized in Palm Beach County after we started the year off with a surge. Overall projections for the year still remain high with most analysts expecting higher numbers than we had last year. Investors are still actively participating in these auctions as the rental market remains red hot throughout the area.
 

 
The chart above shows you the six-month trend of foreclosures in Palm Beach County which accurately reflects the trend over … (0 comments)

Juno Beach Condominium Sales Show Amazing Strength in January - 02/13/12 05:03 PM
Juno Beach Condo Sales Hit 8 Month HighI am the luckiest guy in the world. Not only do I have an incredible family and wonderful friends but I live in Paradise running around in shorts and flip flops working in the best industry in the world. And I get to do it during the craziest real estate market ever encountered and it is always interesting and challenging. I am honored to serve on the Agent Leadership Council of Keller Williams Realty (the BEST real estate firm in the world) and next week we head off to our family reunion where thousands … (2 comments)

Tequesta Home Sales Show Strength in January - 02/11/12 05:42 AM
Tequesta Brings Us Good News When Compared to NeighborsI am the luckiest guy in the world. Not only do I have an incredible family and wonderful friends but I live in Paradise running around in shorts and flip flops working in the best industry in the world. And I get to do it during the craziest real estate market ever encountered and it is always interesting and challenging. I am honored to serve on the Agent Leadership Council of Keller Williams Realty (the BEST real estate firm in the world) and next week we head off to our family reunion where … (0 comments)

Hobe Sound Housing Market Holds Steady in January - 02/09/12 04:40 PM
January a Relatively Flat Month for Hobe Sound Home SalesI am the luckiest guy in the world. Not only do I have an incredible family and wonderful friends but I live in Paradise running around in shorts and flip flops working in the best industry in the world. And I get to do it during the craziest real estate market ever encountered and it is always interesting and challenging. I am honored to serve on the Agent Leadership Council of Keller Williams Realty (the BEST real estate firm in the world) and next week we head off to our family reunion … (1 comments)

January Home Sales Slowdown Hits Jupiter - 02/09/12 03:59 PM
Jupiter Home Sales and Median Prices Both Drop in JanuaryI am the luckiest guy in the world. Not only do I have an incredible family and wonderful friends but I live in Paradise running around in shorts and flip flops working in the best industry in the world. And I get to do it during the craziest real estate market ever encountered and it is always interesting and challenging. I am honored to serve on the Agent Leadership Council of Keller Williams Realty (the BEST real estate firm in the world) and next week we head off to our family reunion … (0 comments)

Home Sales in North Palm Beach Drop 38% in January - 02/09/12 03:24 PM
How much do lower inventory numbers play in reduced sales?I am the luckiest guy in the world. Not only do I have an incredible family and wonderful friends but I live in Paradise running around in shorts and flip flops working in the best industry in the world. And I get to do it during the craziest real estate market ever encountered and it is always interesting and challenging. I am honored to serve on the Agent Leadership Council of Keller Williams Realty (the BEST real estate firm in the world) and next week we head off to our family reunion … (0 comments)

Big Drop in Palm Beach Gardens Home Sales; Bad News of Good News? - 02/07/12 04:42 AM
Is a 58% Drop in Sales Really Good News?I am the luckiest guy in the world. Not only do I have an incredible family and wonderful friends but I live in Paradise running around in shorts and flip flops working in the best industry in the world. And I get to do it during the craziest real estate market ever encountered and it is always interesting and challenging. I am honored to serve on the Agent Leadership Council of Keller Williams Realty (the BEST real estate firm in the world) and next week we head off to our family reunion where … (5 comments)

Interest Rates Hit Another Record Low Solidly Below 4% - 02/05/12 04:38 PM
Another Record Low for Interest Rates
Interest rates fell again last week and after their fourth decline in five weeks we find ourselves once again breaking new ground to all time record lows. Friday we had positive news announced in the employment numbers which should put a little upward pressure on rates this week. But should and will are two different things so we will watch and see what happens. These rates will not be here forever but certainly they will not jump dramatically overnight and together with prices that appear to have bottomed in many market segments make it the … (2 comments)

3rd Party Bidders Making Hay at Palm Beach County Foreclosure Auctions - 02/03/12 03:49 PM
No Rest for the Palm Beach County ClerkDay after day, week after week, month after month and year after year as we all go about our normal course of business the Palm Beach County Clerk is holding foreclosure auctions. Monday though Friday every week they are holding one. And every day the final chapter closes on what is typically a process that has gone on for years. I have one client who has a mortgage north of $900,000 that has not paid a penny on it for over 4 years. One day their property will end up at an auction but … (5 comments)

Juno Beach Bucks Local Trend with Decrease in Home Inventory - 02/02/12 02:57 AM
Juno Beach Home Inventory Decreases 2%Where on earth did January go? Here in southern Florida we have had an amazing season so far with weather we all dream about; or at least our northern friends do. We started the year with plenty of optimism about the continuation of the local real estate market recovery. We all tend to judge how things are going based on our own activity and I can tell you my days start early and end late and busy is not a strong enough word.
Inventory levels are one of the most important metrics we watch and that … (2 comments)

Slight Increase in Palm Beach Gardens Home Inventory Levels - 02/02/12 02:14 AM
Home Inventory Levels Up Slightly in Palm Beach GardensWhere on earth did January go? Here in southern Florida we have had an amazing season so far with weather we all dream about; or at least our northern friends do. We started the year with plenty of optimism about the continuation of the local real estate market recovery. We all tend to judge how things are going based on our own activity and I can tell you my days start early and end late and busy is not a strong enough word.
Inventory levels are one of the most important metrics we watch … (0 comments)

Like Their Neighboring Communities More Homes Available in Tequesta This Month - 02/01/12 03:47 PM
Tequesta Inventory Levels Jump 4% in JanuaryWhere on earth did January go? Here in southern Florida we have had an amazing season so far with weather we all dream about; or at least our northern friends do. We started the year with plenty of optimism about the continuation of the local real estate market recovery. We all tend to judge how things are going based on our own activity and I can tell you my days start early and end late and busy is not a strong enough word.
Inventory levels are one of the most important metrics we watch and that … (0 comments)

More Choices for Hobe Sound Home Buyers in February - 02/01/12 03:34 PM
Hobe Sound Inventory Levels Jump 5% in JanuaryWhere on earth did January go? Here in southern Florida we have had an amazing season so far with weather we all dream about; or at least our northern friends do. We started the year with plenty of optimism about the continuation of the local real estate market recovery. We all tend to judge how things are going based on our own activity and I can tell you my days start early and end late and busy is not a strong enough word.
Inventory levels are one of the most important metrics we watch and … (0 comments)

More Homes for Sale in Jupiter Over the Past Month - 02/01/12 03:16 PM
Jupiter Inventory Levels Jump 7% in JanuaryWhere on earth did January go? Here in southern Florida we have had an amazing season so far with weather we all dream about; or at least our northern friends do. We started the year with plenty of optimism about the continuation of the local real estate market recovery. We all tend to judge how things are going based on our own activity and I can tell you my days start early and end late and busy is not a strong enough word.
Inventory levels are one of the most important metrics we watch and that … (0 comments)

 

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