Tom Priester's Blog

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Real Estate Broker/Owner - Paradise Sharks - BK3087579

ARCHIVED BLOG POSTS

2011 

For the second straight week, we have seen an increase in the 30 year fixed rate but again in was a small one of only 4 basis points. It has been 6 weeks since we last saw back to back increases but certainly we are not seeing the volatility in the markets and rates seem to be “settling” in to a...
01/29/2011
Back to the normal work week schedule and a full slate of foreclosure auctions in Palm Beach County. While we saw an increase from the previous week it was mainly due to the shortened auction week of Martin Luther King Day and the overall number remained lower than some recent spikes.   The char...
01/28/2011
      Today I saw another great new bank owned foreclosure listing hit the market at $424,900 and I thought it would make great fodder to take a look at the anatomy of a REO listing and what an asset a good Realtor® is to a buyer.   Typically, before a foreclosure hits the market there is a long ...
01/27/2011
  Interest rates jump for the first time in 3 weeks.   We began 2011 with a slight increase in the overnight rate on a 30 year fixed mortgage and until last week it had been all downhill. But, as of this morning, the average overnight rate for a 30 year fixed rate sits at 4.82% up for the 1st ti...
01/24/2011
  Martin Luther King Day brought the total number of foreclosure auctions down to four last week in Palm Beach County. Even with a shortened schedule the auction numbers were lower than one would expect.   A relatively new phenomena I thought we had been seeing of third party bidders winning a m...
01/24/2011
    Need space for your 65' boat? I have been keeping an interested eye on a dock in Jupiter as it is a foreclosure that has already been on the market for 94 days. Originally listed at $159,900 back in October they have been chopping the price $10,000 a crack about every thirty days. The last pr...
01/17/2011
      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 o...
01/17/2011
    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 ...
01/16/2011
      Rates drop over 10 basis points for the 3rd time in a month!   We began 2011 with a slight increase in the overnight rate on a 30 year fixed mortgage and since then it has been all downhill. As of this morning, the average overnight rate for a 30 year fixed rate sits at 4.76% down another 1...
01/15/2011
    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 ...
01/15/2011
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Tom Priester

Paradise Sharks
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