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First Quarter foreclosure starts lowest in 16 years

Foreclosures have hit the brakes. There are not many on the market for sale as they once were several years ago. Those great deals have passed and are hard to come by. But when a foreclosure does come on the market, it’s quickly snatched up with multiple offers inevitably forcing a bidding war. Only the risky fortunate investors win out. Plus, property auctions are seeing a huge influx of investors battling for the best investment propety offering the highest return. The trickling effect of releasing bank foreclosures into the market doesn’t appear to be changing in the near future either as homeowners have currently found themselves above water and not drowning in debt. Bank and financial institutions that do have an inventory of foreclosures to ...

Abacoa gets an initial approval for a mini-golf course

Abacoa in Jupiter is adding a miniature golf course in its community to match its already beautiful 18 hole golf courses. Plus, retail shops and stores are also being considered in the construction plans. The next step is winning approval from Jupiter Town Council A mini-golf course in Downtown Abacoa was unanimously recommended for approval May 10 by the town’s planning and zoning commission. The course would be on now-vacant property on the northeast corner of Main Street and Chancellor Drive. A retail shop is also planned. The town council must vote on final approval. That vote is scheduled and planned for July 19 at the town hall. For information, go to jupiter.fl.us, and scroll to item number 3 on the page. From Northern Palm ...

30-year fixed mortgage rates hit three-year low

The average 30-year fixed mortgage rate dropped to 3.57% – far below its 3.85% one year ago and the third week in a row for a decline. This is a shock and historic. If you are to looking to buy a home or make an investment into a 2nd home, now’s the time to buy. You’ll save money over the long haul of the life of your purchase. Who knows how long these rates will last. Take advantage of this bottom rates before they go higher. From Florida Realtors® News For more information, visit – http://ift.tt/1shFrSv

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Speed bumps and big palm trees part of $8 M spiffing up of A1A in Jupiter

A beautification project in Jupiter, Florida is well underway. Some are already seeing the changes and are liking what they see. Five speed bumps have been installed along A1A from Jupiter Beach Road north to U.S. 1, part of the town’s $8 million project to install bicycle lanes, on-street parking, medians, sidewalks, street lights and crosswalks on the three-quarter-mile stretch of roadway through the town’s Inlet Village. Palm trees have also been installed on medians. New palm trees in medians along A1A in Jupiter (Photo by Bill DiPaolo) Florida Power & Light powerlines will be buried. When the project is finished next month, there will be no overhead crossing of powerlines above this stretch of A1A. Some power poles will remain to provide aerial service ...

Avenir development gets go-ahead from Palm Beach Gardens officials

This courtesy rendering shows what the shops and restaurants could look like in the Avenir development. A proposed 3,250-home development off Northlake Boulevard south of the Beeline Highway received the blessing of Palm Beach Gardens officials Thursday night after three years of planning and compromise. Palm Beach Gardens City Council voted 5-0 to give final approval to Avenir’s master plan, along with changes to accommodate the development on 4,763 acres on the city’s western edge. Those changes include rezoning, moving an growth boundary and altering land uses in the city’s comprehensive plan. At Avenir’s inception, plans called for 7,600 homes, 1.2 million square feet of office space, 500,000 square feet of retail space, a university and a 300-room hotel. In late 2014, that was scaled back ...