Another Crazy New Record Low for Interest Rates - 07/31/12 08:08 AM
Interest rates continue to slide
 
Nobody can say being involved in southern Florida real estate isn’t fun. We have had an amazing year to date with strong sales and shrinking inventories much of the demand fueled by interest rates that seem to defy logic. While weakness in the overall economy drives rates further down one has to wonder just how low they can go and what impact this will have the future of the real estate market.
As of Sunday, the average overnight rate for a fixed 30-year mortgage as reported by Bankrate.com was at 3.55% down another 7 basis … (3 comments)

Jupiter Real Estate Sales Slow as Absorption Rates Jumps 22% - 07/29/12 06:08 AM
Absorption rate in Jupiter increases to 3 month high
The south Florida real estate market has been so hot it defies logic. Much of the national and international news does not paint a rosy picture; interest rates continue to drop and that is because the economic recovery is hardy robust. Investors are looking towards the Fed to see what tools they might have left in the box to pull this economy out of the mud. 
 
But none of that seems to be having a negative effect on the local real estate market. For the last 5 months it has been … (3 comments)

Palm Beach Gardens Real Estate Market Slows a Bit - 07/29/12 05:32 AM

Absorption rate in Palm Beach Gardens increases 25%
The south Florida real estate market has been so hot it defies logic. Much of the national and international news does not paint a rosy picture; interest rates continue to drop and that is because the economic recovery is hardy robust. Investors are looking towards the Fed to see what tools they might have left in the box to pull this economy out of the mud. 
 
But none of that seems to be having a negative effect on the local real estate market. For the last 5 months it has been … (1 comments)

Huge 54% Increase in Hobe Sound Absorption Rate - 07/29/12 05:20 AM
 
Absorption rate in Hobe Sound hits 5 Month High
The south Florida real estate market has been so hot it defies logic. Much of the national and international news does not paint a rosy picture; interest rates continue to drop and that is because the economic recovery is hardy robust. Investors are looking towards the Fed to see what tools they might have left in the box to pull this economy out of the mud. 
 
But none of that seems to be having a negative effect on the local real estate market. For the last 5 months it has … (1 comments)

Tequesta Absorption Rate Changes Course; 4 Month High - 07/29/12 05:01 AM
Absorption rate in Tequesta jumps 40% in one month
The south Florida real estate market has been so hot it defies logic. Much of the national and international news does not paint a rosy picture; interest rates continue to drop and that is because the economic recovery is hardy robust. Investors are looking towards the Fed to see what tools they might have left in the box to pull this economy out of the mud. 
 
But none of that seems to be having a negative effect on the local real estate market. For the last 5 months it has been … (0 comments)

Amazing 111% Jump in North Palm Beach Home Sales - 07/19/12 10:49 AM
North Palm Beach single family home sales rebound 
We have a problem here in the south Florida real estate market. A real problem and one quite different than what we have been experiencing over the past 7 years. There are not enough homes out there to satisfy the growing numbers of buyers looking to lock in both low prices and ultra-low interest rates. This is most evident in the investor market and single family homes priced under $400,000.
 
When a new listing hits the market it is like bees on homey with multiple showings within hours, multiple offers and lightning … (2 comments)

Palm Beach Gardens Home Sales Hotter Than the Summer Sun - 07/19/12 10:20 AM
Palm Beach Gardens single family home sales up 21%
We have a problem here in the south Florida real estate market. A real problem and one quite different than what we have been experiencing over the past 7 years. There are not enough homes out there to satisfy the growing numbers of buyers looking to lock in both low prices and ultra-low interest rates. This is most evident in the investor market and single family homes priced under $400,000.
 
When a new listing hits the market it is like bees on homey with multiple showings within hours, multiple offers and … (1 comments)

Jupiter Home Sales Jump 11% to New Multi-Year High - 07/19/12 10:03 AM
Jupiter single family home sales up for 3rd straight month
We have a problem here in the south Florida real estate market. A real problem and one quite different than what we have been experiencing over the past 7 years. There are not enough homes out there to satisfy the growing numbers of buyers looking to lock in both low prices and ultra-low interest rates. This is most evident in the investor market and single family homes priced under $400,000.
 
When a new listing hits the market it is like bees on homey with multiple showings within hours, multiple offers … (0 comments)

Home Sales Over $1,000,000 Account for 33% of Tequesta Market - 07/19/12 09:36 AM
Tequesta single family home sales up 7% in June
We have a problem here in the south Florida real estate market. A real problem and one quite different than what we have been experiencing over the past 7 years. There are not enough homes out there to satisfy the growing numbers of buyers looking to lock in both low prices and ultra-low interest rates. This is most evident in the investor market and single family homes priced under $400,000.
When a new listing hits the market it is like bees on homey with multiple showings within hours, multiple offers and lightning … (0 comments)

Inventory Shortage Affecting Hobe Sound Home Sales - 07/19/12 09:09 AM
Hobe Sound single family home sales down 33% in June
We have a problem here in the south Florida real estate market. A real problem and one quite different than what we have been experiencing over the past 7 years. There are not enough homes out there to satisfy the growing numbers of buyers looking to lock in both low prices and ultra-low interest rates. This is most evident in the investor market and single family homes priced under $400,000.
 
When a new listing hits the market it is like bees on homey with multiple showings within hours, multiple offers … (1 comments)

Huge 27% Reduction in Hobe Sound Home Inventory - 07/15/12 05:39 AM

Hobe Sound Inventory Level Declines 9% in June
Multiple offers, quick sales and rising prices have become the rule here in south Florida as the amazing real estate rebound of 2012 continues. The shortage of quality single family homes continues and absorption rates have declined to levels we have not seen in about 7 years. Inventory levels throughout the north county region continue to drop. And we are talking about very significant reductions.
Many buyers are finding out just how competitive this market is when out shopping for a new home. When a home that is properly priced hits the … (0 comments)

Far Fewer Choices Out There for Jupiter Homebuyers - 07/15/12 05:28 AM
Jupiter Inventory Level Declines 6% in June
Multiple offers, quick sales and rising prices have become the rule here in south Florida as the amazing real estate rebound of 2012 continues. The shortage of quality single family homes continues and absorption rates have declined to levels we have not seen in about 7 years. Inventory levels throughout the north county region continue to drop. And we are talking about very significant reductions.
Many buyers are finding out just how competitive this market is when out shopping for a new home. When a home that is properly priced hits the market, especially … (0 comments)

Higher Real Estate Prices Coming to a Palm Beach Gardens Neighborhood Near You - 07/15/12 04:51 AM
Palm Beach Gardens Inventory Level Declines 6% in June
Multiple offers, quick sales and rising prices have become the rule here in south Florida as the amazing real estate rebound of 2012 continues. The shortage of quality single family homes continues and absorption rates have declined to levels we have not seen in about 7 years. Inventory levels throughout the north county region continue to drop. And we are talking about very significant reductions.
Many buyers are finding out just how competitive this market is when out shopping for a new home. When a home that is properly priced hits the … (0 comments)

Further Declines in Tequesta Inventory Levels Reported - 07/15/12 04:35 AM
Tequesta Inventory Level Declines 5% in June
Multiple offers, quick sales and rising prices have become the rule here in south Florida as the amazing real estate rebound of 2012 continues. The shortage of quality single family homes continues and absorption rates have declined to levels we have not seen in about 7 years. Inventory levels throughout the north county region continue to drop. And we are talking about very significant reductions.
Many buyers are finding out just how competitive this market is when out shopping for a new home. When a home that is properly priced hits the market, especially … (0 comments)

Hobe Sound Real Estate Prices Heading Higher - 07/06/12 01:32 AM
Absorption rate in Hobe Sound drops 24% in one month
Year after year, for almost seven years, we have had to report news of sliding prices as we continue to pay the price for the big real estate bubble that popped in late 2005. But as Bob Dylan says “the times they are a changin’”. With each month that passes us by the eventual recovery has to draw closer and with the trend we have seen in local markets one might say that recover has been here and the bottom has finally been set.
 
Each month around this time we … (1 comments)

Jupiter Real Estate Absorption Rate Drops for 5th Consecutive Month - 07/06/12 01:22 AM
Absorption rate in Jupiter drops another 8%
Year after year, for almost seven years, we have had to report news of sliding prices as we continue to pay the price for the big real estate bubble that popped in late 2005. But as Bob Dylan says “the times they are a changin’”. With each month that passes us by the eventual recovery has to draw closer and with the trend we have seen in local markets one might say that recover has been here and the bottom has finally been set.
 
Each month around this time we bring you updated … (0 comments)

Housing Absorption Rate in Palm Beach Gardens Hits New Low - 07/06/12 01:08 AM
Absorption rate in Palm Beach Gardens drops 12%
Year after year, for almost seven years, we have had to report news of sliding prices as we continue to pay the price for the big real estate bubble that popped in late 2005. But as Bob Dylan says “the times they are a changin’”. With each month that passes us by the eventual recovery has to draw closer and with the trend we have seen in local markets one might say that recover has been here and the bottom has finally been set.
 
Each month around this time we bring you … (0 comments)

Tequesta Absortion Rate Continues to Drop - 07/06/12 12:57 AM
Absorption rate in Tequesta drops 25%
Year after year, for almost seven years, we have had to report news of sliding prices as we continue to pay the price for the big real estate bubble that popped in late 2005. But as Bob Dylan says “the times they are a changin’”. With each month that passes us by the eventual recovery has to draw closer and with the trend we have seen in local markets one might say that recover has been here and the bottom has finally been set.
 
Each month around this time we bring you updated numbers … (0 comments)

Slow Sales Month in Juno Beach Not Meaningful - 07/06/12 12:48 AM
Absorption rate in Juno Beach jumps dramatically
Year after year, for almost seven years, we have had to report news of sliding prices as we continue to pay the price for the big real estate bubble that popped in late 2005. But as Bob Dylan says “the times they are a changin’”. With each month that passes us by the eventual recovery has to draw closer and with the trend we have seen in local markets one might say that recover has been here and the bottom has finally been set.
 
Each month around this time we bring you updated … (0 comments)

Jupiter Home Sales Hit New High; Up 32% over 12 Month Average - 07/05/12 03:45 AM
Jupiter single family home sales jump 23% as prices remain firm
Everywhere one looks there are signs of the troubled housing market finally recovering with a firm foundation. Bidding wars have become commonplace with properties selling above list price and in some cases above appraised valuations. As we turn from the spring buying season to the summer months things have changed and buyers in the northern Palm Beach County area are finding that it is not that easy to find a home.
 
There are certainly bumps in the road ahead with millions of homeowners across the country owing more on … (2 comments)

Tequesta Home Sales and Prices Moved Higher in May - 07/05/12 03:25 AM
Tequesta single family home sales remain above 12 month average
Everywhere one looks there are signs of the troubled housing market finally recovering with a firm foundation. Bidding wars have become commonplace with properties selling above list price and in some cases above appraised valuations. As we turn from the spring buying season to the summer months things have changed and buyers in the northern Palm Beach County area are finding that it is not that easy to find a home.
 
There are certainly bumps in the road ahead with millions of homeowners across the country owing more on their … (0 comments)

Hobe Sound Single Family Home Sales up for 4th Straight Month - 07/05/12 02:44 AM
Hobe Sound single family home sales show recovery underway
Everywhere one looks there are signs of the troubled housing market finally recovering with a firm foundation. Bidding wars have become commonplace with properties selling above list price and in some cases above appraised valuations. As we turn from the spring buying season to the summer months things have changed and buyers in the northern Palm Beach County area are finding that it is not that easy to find a home.
 
There are certainly bumps in the road ahead with millions of homeowners across the country owing more on their mortgages … (1 comments)

Palm Beach Gardens Home Prices Stay Strong in May - 07/05/12 02:13 AM
Palm Beach Gardens single family home sales post another solid month
Everywhere one looks there are signs of the troubled housing market finally recovering with a firm foundation. Bidding wars have become commonplace with properties selling above list price and in some cases above appraised valuations. As we turn from the spring buying season to the summer months things have changed and buyers in the northern Palm Beach County area are finding that it is not that easy to find a home.
 
There are certainly bumps in the road ahead with millions of homeowners across the country owing more on … (0 comments)

Median Single Family Home Prices in North Palm Beach Jump 55% - 07/05/12 01:54 AM
North Palm Beach single family home sales drop related to inventory shortage
Everywhere one looks there are signs of the troubled housing market finally recovering with a firm foundation. Bidding wars have become commonplace with properties selling above list price and in some cases above appraised valuations. As we turn from the spring buying season to the summer months things have changed and buyers in the northern Palm Beach County area are finding that it is not that easy to find a home.
 
There are certainly bumps in the road ahead with millions of homeowners across the country owing more … (1 comments)

Luxury Condominium Buyers Take May Off in Juno Beach - 07/05/12 01:36 AM
Condo sales slow in Juno Beach during May
Everywhere one looks there are signs of the troubled housing market finally recovering with a firm foundation. Bidding wars have become commonplace with properties selling above list price and in some cases above appraised valuations. As we turn from the spring buying season to the summer months things have changed and buyers in the northern Palm Beach County area are finding that it is not that easy to find a home.
 
There are certainly bumps in the road ahead with millions of homeowners across the country owing more on their mortgages than … (0 comments)

Interest Rates Jump but "Operation Twist" in Place - 07/01/12 05:27 AM
Interest rates up for only the 2nd time in 12 weeks
 
As the local real estate market continues to gain steam it is certainly interesting to watch what is happening to interest rates. While they stay at artificially depressed levels there is no doubt the main cause is the anemic growth in the overall economy which over the long term certainly is not good news for housing. To date the real estate market in south Florida seems to be impervious to the larger economic picture as inventory levels continue to drop and buyers have fewer choices and higher prices staring … (16 comments)

Jupiter Housing Inventory Falls Under 1,000 Units - 07/01/12 04:02 AM
Jupiter Inventory Level Declines 8% in May
The real estate market in south Florida remains extremely strong with buyers scrambling to find the right opportunities and take advantage of interest rates that keep setting new historical lows. Inventory remains a significant issue with a shortage of well priced homes in many price categories putting measurable upside pressure on the market for the first time in over 7 years.
Some experts are reporting they feel banks are “hoarding” foreclosures and the upswing in housing prices is temporary in nature and will reverse course once much of the “shadow inventory” is released. We … (0 comments)

Fewer Choices for Tequesta Home Buyers - 07/01/12 03:34 AM
Tequesta Inventory Level Declines 6% in May
The real estate market in south Florida remains extremely strong with buyers scrambling to find the right opportunities and take advantage of interest rates that keep setting new historical lows. Inventory remains a significant issue with a shortage of well priced homes in many price categories putting measurable upside pressure on the market for the first time in over 7 years.
Some experts are reporting they feel banks are “hoarding” foreclosures and the upswing in housing prices is temporary in nature and will reverse course once much of the “shadow inventory” is released. We … (0 comments)

Shortage of Inventory Drives Prices in Hobe Sound Real Estate Market - 07/01/12 03:27 AM
Hobe Sound Inventory Level Declines 6% in May
The real estate market in south Florida remains extremely strong with buyers scrambling to find the right opportunities and take advantage of interest rates that keep setting new historical lows. Inventory remains a significant issue with a shortage of well priced homes in many price categories putting measurable upside pressure on the market for the first time in over 7 years.
Some experts are reporting they feel banks are “hoarding” foreclosures and the upswing in housing prices is temporary in nature and will reverse course once much of the “shadow inventory” is released. … (0 comments)

Palm Beach Gardens Home Inventory Down 20% from 2011 Levels - 07/01/12 03:17 AM
Palm Beach Gardens Inventory Level Declines 5% in May
The real estate market in south Florida remains extremely strong with buyers scrambling to find the right opportunities and take advantage of interest rates that keep setting new historical lows. Inventory remains a significant issue with a shortage of well priced homes in many price categories putting measurable upside pressure on the market for the first time in over 7 years.
Some experts are reporting they feel banks are “hoarding” foreclosures and the upswing in housing prices is temporary in nature and will reverse course once much of the “shadow inventory” is … (0 comments)

Shortage of Home Inventory Continues in Juno Beach - 07/01/12 03:10 AM
Juno Beach Inventory Level Declines 5% in May
The real estate market in south Florida remains extremely strong with buyers scrambling to find the right opportunities and take advantage of interest rates that keep setting new historical lows. Inventory remains a significant issue with a shortage of well priced homes in many price categories putting measurable upside pressure on the market for the first time in over 7 years.
Some experts are reporting they feel banks are “hoarding” foreclosures and the upswing in housing prices is temporary in nature and will reverse course once much of the “shadow inventory” is released. … (0 comments)

 

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