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Mortgage Rates on the Rise

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Just six months age we were reporting that mortgage rates had dropped to its lowest point since May 2013.  This week long-term U.S. mortgage rates climbed for the seventh straight week following the presidential elections, again marking new highs for the year. Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed rate loan rose this week to 4.16 percent …

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Mortgage Rates Plunge to 3-Year Lows

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There are 186 condos for resale on Singer Island; only one condo closed within the past 7 days at 87% of list price after 120 days on the market. The average 30-year fixed mortgage rate continues to drop this week reaching its lowest point since May 2013.  Mortgage buyer Freddie Mac said Thursday the average 30-year fixed-rate mortgage dipped to …

will it be enough?

Singer Island Market Update – October 2015

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With the year rapidly coming to an end (only two months to go), we see another strong showing in the market. Year-to-date listings and sales have stayed relatively consistent through the first ten months with only minor peaks and valleys. A sure sign of an improving real estate market is the fact that three new condominium projects are underway and …

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Singer Island Market Update – January 2015

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Welcome 2015!  January is behind us and a snowy winter is starting to pound the north. With the real estate market improving, we are seeing more owners looking to make a move.  New listings for January were a near record of 48, compared to 29 for January of last year.  Let’s take a closer look at the results in condominium …

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Singer Island – 4th Quarter 2014 Market Update

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“Keeping your finger on the pulse of the market is critical when looking to buy or sell your home.” The Walker Real Estate Group brings their customer base “Just the Facts” enabling them to make knowledgeable decisions with regard to the real estate world around us…” 2014 was another good year for real estate in Palm Beach County with the …

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Mortgage Rates Remain Below 4%

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Mortgage company Freddie Mac said last Thursday the nationwide average for a 30-year mortgage declined to 3.89 percent this past week from 3.97 percent the prior week; declining for the fourth straight week, a continuing boon for potential homebuyers.  It is now at its lowest level since May 2013. The average 15-year fixed mortgage rate declined, as well, to 3.10% from 3.17 percent …

Female presenting keys and small house.

Singer Island Condo Market: Week in Review – September 13, 2014

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There are 148 condos for resale on Singer Island; 5 condos are currently pending. No condos sold within the past 7 days. The average rate for the 30-yr. fixed mortgage barely moved this week, giving homebuyers time to lock in relatively low rates. The rate increased slightly to 4.12 percent this week from 4.10%; keep in mind the year started with …

SINGER-ISLAND-Markets

Singer Island Condo Market: Week in Review – August 10, 2013

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There are 159 condos for resale on Singer Island; 16 condos are currently pending. Only one condo sold within the past 7 days at an average 98% of list price after 56 days on the market. The average rate for the 30-yr. fixed mortgage barely moved this week, giving homebuyers time to lock in relatively low rates.  The rate increased slightly to 4.40 percent …

SINGER-ISLAND-216-mls

Will Singer Island Condo Sales Benefit from Jumbo Loans?

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Jumbo Mortgage Loans are back in play!  With many of the Singer Island condos selling above the FHA loan limit ($417,000), buyers had to bring cash or have creative financing to complete their purchase.  This held even truer over the last few years with the housing downturn and tight lending restrictions.  Even when the buyer could procure a jumbo loan, …

Singer Island, Florida – Condo Market Update: 2011

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Thank You to all of our customers who made 2011 a banner year for Walker Real Estate Group. With “Season” upon us, the traffic to Singer Island has already started to increase.  The real estate market has seen a gradual improvement in 2011; inventories are decreasing and unit sales are up over 2010, although prices have continued to decrease to …