Tom Priester's Blog

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Real Estate Broker/Owner - Paradise Sharks Real Estate - BK3087579

ARCHIVED BLOG POSTS

2011 

Interest rates drop for the second week in a row and remain firmly below 5%.   In what has become a rare treat, interest rates have dropped for a second consecutive week, which has only happened two other times over the previous six month period.  As of this morning the average overnight rate, a...
02/27/2011
Palm Beach County foreclosures drop mainly due to shortened holiday week.   With a holiday on Monday there were only four foreclosure auction days this week and as one would expect the number of properties foreclosed upon dropped. Next week we get back to a full week and a “normal schedule” so n...
02/26/2011
After rising for 4 straight weeks we saw a nice reversal in the interest rate market last week, dropping rates back below 5%. As of this morning the average overnight rate for a 30 year fixed rate sits at 4.93% down 13 basis points from the 5.06% we were at a week ago. Remember this is the averag...
02/20/2011
Third party bidders rule for the 2nd straight week foreclosure auctions in Palm Beach County.   The success rate of 3rd party bidders spiked last week and this week we saw very similar numbers which is most interesting indeed so we are going to keep watching the action. Are banks lowering the am...
02/18/2011
Pending and contingent home sales data are very important metrics when determining how strong real estate sales will be in the months ahead. I like to carefully review this information for each of the communities where I am most active on at least a monthly basis as it gives me a heads up on what...
02/15/2011
Pending and contingent home sales data are very important metrics when determining how strong real estate sales will be in the months ahead. I like to carefully review this information for each of the communities where I am most active on at least a monthly basis as it gives me a heads up on what...
02/15/2011
Pending and contingent home sales data are very important metrics when determining how strong real estate sales will be in the months ahead. I like to carefully review this information for each of the communities where I am most active on at least a monthly basis as it gives me a heads up on what...
02/15/2011
  Pending and contingent home sales data are very important metrics when determining how strong real estate sales will be in the months ahead. I like to carefully review this information for each of the communities where I am most active on at least a monthly basis as it gives me a heads up on wh...
02/15/2011
Pending and contingent home sales data are very important metrics when determining how strong real estate sales will be in the months ahead. I like to carefully review this information for each of the communities where I am most active on at least a monthly basis as it gives me a heads up on what...
02/15/2011
  For the fourth straight week, we have seen an increase in the 30 year fixed rate and it took rates up 17 basis points and back up above 5% for the first time since the first of the year. Also interesting, it is the very first time since we started tracking this historic interest rate roller coa...
02/13/2011
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Tom Priester

Paradise Sharks Real Estate
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