Real Estate Market Updates

PALM BEACH COUNTY HOME SALES AND PRICES CONTINUE DECLINE: A BUYERS' MARKET!

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It remains a buyers market in Palm Beach Gardens, West Palm Beach, Jupiter, Juno Beach, North Palm Beach and throughout Palm Beach County as both sales and prices continue to decline. Motivated sellers are lowering prices and buyers are able to obtain contracts on homes that are often below the original purchase price or under market value.  It is a wonderful time to buy a home in Palm Beach Gardens or throughout Palm Beach County. While sales of single family homes declined 10 pe...

MORTGAGE RATES DECLINE FOR FIRST TIME IN MANY WEEKS

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Mortgage interest rates dipped this week for the first time in more than a month.  So if you are interested in buying a home in the next couple of months, this may be the time to visit your mortgage broker and then start seriously looking for that home. There are many very motivated home sellers in Palm Beach Gardens, West Palm Beach, Juno Beach Jupiter and North Palm Beach. Across the nation the 30-year fixed rate morgage averaged 6.69 percent, down from 6.74 percent just a ...

PROPERTY TAXES: COMPARE THE PROPOSED SYSTEM WITH THE CURRENT ONE

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If you are thinking about buying a home in Palm Beach Gardens, West Palm Beach, Jupiter, Juno Beach, North Palm Beach or anywhere throughout Palm Beach County, you have looked at many costs associated with new homeownership, including the property tax bill.  Florida legislators last week passed laws leading to sweeping changes in the amount of taxes that homeowners pay and in how the value of your home is determined for tax purposes. The first part of tax reform relates...

MORTGAGE RATES CONTINUE CLIMBING: LOCK IN NOW!

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With mortgage rages climbing for the fifth straight week, it might be time to lock in your interest rate now and go find that home you have been wanting in Palm Beach Gardens, West Palm Beach, Juno Beach, Jupiter, North Palm Beach or anywhere throughout Palm Beach County. While rates are still under 7 percent, they are now at the highest level in almost a year.  And most economists are not predicting a rate decline until at least the fourth quarter of the year. The national averag...

PROPERTY TAX RELIEF MAY BE ON ITS WAY

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If you are interested in buying a home in Palm Beach Gardens, West Palm Beach, Juno Beach, North Palm Beach, Jupiter or throughout Palm Beach County, you are likely watching with anticipation as lawmakers convene in Tallahassee to work on property tax relief for all Floridians. The legislature will be in special session for the next 11 days solely to work on property tax relief.  Several proposals have been discussed and written about.  The most prominent of these would cut taxe...

HOMEOWNERS INSURANCE SAVINGS POSSIBLE WITH SIMPLE INSPECTION

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Palm Beach Gardens, West Palm Beach, North Palm Beach, Juno Beach and Jupiter homeowners, and those looking to buy homes in these communities and throughout Palm Beach County are all seeking lower home insurance bills. We have found that a simple and inexpensive home inspection may save you hundreds or even thousands of dollars on your home insurance.  The windstorm or hurricane premium portion of your home insurance coverage (the section that often comprises the lar...

CONSIDER LOCKING IN YOUR MORTGAGE INTEREST RATE

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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 perc...

CAN'T SELL YOUR HOME? PEOPLE ARE WAITING, RENTING

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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 p...

PALM BEACH GARDENS HOMES SALES AND PRICES CONTINUE SLIDE: BUYERS .. IT'S YOUR TIME

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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 perce...

REAL ESTATE SALES, PRICES CONTINUE DECLINE -- IT'S A BUYER'S MARKET!

Weiss Clawson posted this 849 Views

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 ...