Tom Priester's Blog

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

ARCHIVED BLOG POSTS

2012 

Interest Rates Flat After Last Week’s Big Jump   Interest rates stabilized this week after last week’s big jump which brought us above 4% to the highest levels we had seen in over 4 months. There was virtually no change this week with little movement in rates and we will have to wait to see which...
03/25/2012
New Bank of America Program Could Mean Fewer ForeclosuresAll signs continue to point to higher foreclosure numbers during the year as the recent settlement 5 of the major banks reached with the government truly frees them up with a clean slate and the freedom to push delinquent loans through the ...
03/24/2012
Sharp Drop for the Second Month in a Row As we pass the midway point of tearing another sheet off the 2012 calendar we are heading straight into the spring buying season here in Southern Florida. The current metrics surrounding the continued improvement we have seen for well over a year are as in...
03/22/2012
Tequesta Absorption Rates Look Very Positive As we pass the midway point of tearing another sheet off the 2012 calendar we are heading straight into the spring buying season here in Southern Florida. The current metrics surrounding the continued improvement we have seen for well over a year are a...
03/22/2012
Jupiter Absorption Rates Down for 2nd Month in a Row As we pass the midway point of tearing another sheet off the 2012 calendar we are heading straight into the spring buying season here in Southern Florida. The current metrics surrounding the continued improvement we have seen for well over a ye...
03/22/2012
Absorption Rate up in Palm Beach Gardens As we pass the midway point of tearing another sheet off the 2012 calendar we are heading straight into the spring buying season here in Southern Florida. The current metrics surrounding the continued improvement we have seen for well over a year are as i...
03/22/2012
Absorption Rate in Juno Beach Jumps As we pass the midway point of tearing another sheet off the 2012 calendar we are heading straight into the spring buying season here in Southern Florida. The current metrics surrounding the continued improvement we have seen for well over a year are as interes...
03/22/2012
Interest Rates Jump to 17 Week High After an amazing 14 week run where interest rates stayed below 4% things changed last week. And that change was indeed significant. We had become complacent about what truly is the best time we will probably ever see to lock up long term mortgages. Well that sl...
03/18/2012
Direction of Local Real Estate Market Difficult to get a Firm Handle OnFor the second month in a row we have seen actual foreclosure numbers retreat in Palm Beach County from the higher numbers we had been experiencing since October of last year. It is widely believed that foreclosure numbers dur...
03/16/2012
Single Family Home Sales in Hobe Sound Top the Charts As we “sprung forward” last weekend the nice sunny skies lasting later in the day are a perfect reminder that spring home buying season is upon us once again. For the first time in over 6 years we are in a position where interest rates are at ...
03/14/2012
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Tom Priester

Paradise Sharks Real Estate
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