Weiss Clawson's Blog: All Categories

It may be time to lock in your mortgage interest rate in you are interested in buying a home in the next few months in Palm Beach Gardens, West Palm Beach, Jupiter, Juno Beach, West Palm Beach or throughout the Palm Beach County area.

Mortgage interest rates have increased for the fourth week in the row and now stand at 6.53 percent nationally for a 30-year fixed mortgage, up from 6.42 percent last week. 

For the increasingly popular 15-year fixed mortgage, rates are at 6.22 percent nationally, up from 6.12 percent last week.

In Palm Beach County, the 30-year fixed rate mortgage ranged from 5.97 per cent to 7 percent while the 15 year fixed rate mortgage ranges from 5.95 percent to 6.75 percent.

Most students of the economy are attributing the…

Are you getting frustrated because you put your home up for sale a few months ago and you still have not had even one offer?

Did you buy a home in Palm Beach Gardens, West Palm Beach, North Palm Beach, Jupiter, Juno Beach, or in many communities throughout Palm Beach County in the past two or three years and now want a huge profit on your investment?

The most likely reason your home is not selling is pricing.

One example we came across recently is a seller  wanting 50 percent profit on a home he bought about two and a half years ago.  He bought the home in December, 2004 for $439,000.  He now has it on the market for $660,000.  That kind of price appreciation was possible a few years ago, but it is not happening today.

Many interested buyers are…

The number of homes sold in Palm Beach Gardens, West Palm Beach, North Palm Beach, Juno Beach, Jupiter and through the Palm Beach County area continued to decline throughout the first quarter of 2007

Home prices throughout the Palm Beach Gardens area also declined for the period.

There was a 17 percent decline in the number of Palm Beach County homes sold, dropping from 804 in April 2006 down to 665 in April 2007.

Similarly, median home prices during the same period declined 3 percent, going from $386,500 in April 2006 down to $376,300 in April 2007.

One main reason for this ongoing decline in sales and median home prices is that sellers continue to overprice their homes.  Buyers are refusing to pay inflated prices in this market and many have decided…

Nearly 300 homes entered foreclosure in Palm Beach Gardens during the first quarter of 2007.  Throughout Palm Beach county more than 4000 homes were turned over to their mortgage company.  And another 4000 are in various stages of pre-foreclosure.

These homes added to an already large number of homes on the market in Palm Beach Gardens, West Palm Beach, and throughout Palm Beach County have begun to cause a decrease in prices as we enter another period of our slower market.

In fact, prices of homes are down about 3.5 percent from January to March of 2007.  On an annualized basis, that would be a more than 20 percent reduction in home resale prices.

But it is a great time to buy a new home in Palm Beach Gardnes, West Palm Beach, North Palm Beach, Juno…

Thinking about retiring to Florida but not sure you can afford it?

Check this out --- We have a cute and affordable one bedroom, one and a half bathroom first floor condo in a West Palm Beach gated community for sale for just $65,000!

This is a 55+ community with full amenities including swimming pool, tennis, a clubhouse with exercise room and a community shuttle bus.

The condo is fully furnished with a king sized bed in the master plus night tables and dresser, dining room table with six chairs, living room couch, easy chair and coffee table. The kitchen has new appliances including refrigerator, range, microwave and clothes washer.  And there is an air conditioned patio outside the master bedroom.   

Just bring your clothes and your toothbrush!

For…

 Do you want to wait until housing prices hit rock bottom before you buy?

 Or maybe you want to wait until home values return to double digit appreciation before you sell your home?

 Theoretically, waiting for the housing market to stabilize, hit bottom, and then see home values shoot up again makes sense.  But in practice, it really doesn’t work.

The number of homes on the market continues to increase in Palm Beach Gardens, West Palm Beach, North Palm Beach, Juno Beach, Jupiter and throughout the Palm Beach County area while sales and prices are retreating.  

So if you are considering selling your home, why would you wait until prices fall even more? 
Our recommendations to home sellers:

·         fully understand the real estate market…

Come to Palm Beach Gardens Premiere Estate Community Sunday, April 29 and discover a unique community in the heart of the city.

The Weiss-Clawson Team will be holding open a home at 5149 Desert Vixen Road from 1 - 4 p.m. on Sunday.  This home is a unique, design, looking more like a Colorado mountain home than the traditional Mediterranean style common to Florida.

Desert Vixen has four bedrooms, three bathrooms, a fireplace and a pool.  There is a loft bedroom on a mini second floor.  The pool and patio are screened and the home sits on a bit more than one acre in Palm Beach Gardens.

Discover Steeplechase!   The Weiss-Clawson Team includes a Steeplechase resident member.  We will show you this home, but can also show you all of the homes for sale in…

As home sales and prices continue their decline in Palm Beach Gardens, West Palm Beach, Jupiter, Juno, North Palm Beach and throughout Palm Beach County, it remains an outstanding time to buy a new home.  It is a true buyer's market

Statistics reported by the Florida Association of Realtors reflect a 22 percent decline in the number of existing homes sold in March 2007 compared with March 2006. While the decline in sales in Palm Beach County was significantly less than the decline along the Treasure Coast and somewhat less then the decline statewide in Florida, it was still higher than the national decline in home sales.

Prices as well tumbled.  The median price for a home in Palm Beach County dropped about 5 percent, going from $393,700 in March 2006…