First Team Real Estate Blog

According to the latest from the California Association of REALTORS®, California sales bounced back in May as home sales increased 2.6% from last year statewide. Specifically, SoCal saw a 6.5% sales increase from last year and a 6.4% increase in the median price of single-family homes. Check out the full infographic from CAR for a state snapshot of our real estate market.

For more trends on the Southern California market specifically, check out our Monthly Market Updates covering Orange County, LA County and the Inland Empire. We break down the most important statistics for each city including average sale prices, inventory, days on market, and more.

There are many ways in which you can increase the value of your home and invest in it. Upgrading, repairing and paying of liens all build equity and get you one step closer to full ownership. Try these four strategies of investing in your home to grow your home equity.

Make Necessary Repairs

Making necessary repairs is an important way of investing in your home. A new roof not only adds value and aesthetic appeal, but it also prevents major damage. Installing new siding, doors or repairing a fence also adds equity to your home by increasing its value. Inside, replacing the furnace and air conditioning, upgrading the electrical panel, fixing the plumbing and installing new flooring could also increase equity.

Understand How Home Equity Works

Summer is the perfect time to focus on adding value to your home and fun to your increasingly outdoor lifestyle in Southern California. These renovations are the perfect projects if you have a bit of extra time and you want to start spending it outdoors. These four projects are just the thing to make a big impact on the look (and value) of your home without breaking the bank. 

Repave the Driveway

Chances are that you've tripped a couple of times walking up your driveway if the pavement is uneven. Maybe you've even had concerns that a guest would fall when you have all of your summer barbecues. Paving the driveway is one way to deal with this safety concern, but it also adds greater aesthetic appeal to your home. This is especially true if you allow

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FIRST TEAM’S WEEKLY MORTGAGE WATCH (June 18th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Even with a Fed rate hike last week, mortgage rates barely budged. 
  • The Fed did announce plans to begin reducing its massive balance sheet, at some point later in the year. The plan is very gradual and should help the market slowly adjust to a less accommodative policy. 
  • Overall, the economy seems to continue to remain in the same slow recovery mode that we’ve all grown accustomed too. As the 2nd quarter’s data trickles in, it appears we won’t have any large increase in overall economic activity. 
  • Industrial Production flat-lined, with manufacturing pulling back. 
  • Once again, inflationary pressures

Best get in all your house hunting at Orange County open houses before the Father's Day celebrations begin. And while you're out and about, don't forget to pick up something special for dad!

 Orange County

View all First Team Orange County Open Houses

Make the most of your home search this weekend by teaming up with a real estate agent. Search for an agent on our site or reach out and we’ll match you up with an agent today to be house hunting with you tomorrow.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

HOME BUYER TIP: Now is a great time to buy because mortgage rates have remained low. According to the latest Weekly Mortgage Watch, the average 30-year fixed rate is at 3.89%. Stay up to date with the latest

Dad wants the best for you, so start searching for it this weekend at open houses in Los Angeles County. Whether it's a modest condo or a bigger, better property with more room to grow, we'll help you find it.

LA COUNTY

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If you’re going shopping for a home this weekend, the smartest plan is to have an agent by your side. An agent can help you act fast when you find the perfect home, and answer all of your burning home buying questions. If you have questions before you head out or would like to team up with an agent, find a First Team agent online or reach out and we’ll match you with a top agent near you.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

HOME BUYER TIP: If you

The best Father's Day present is a brand new backyard with a built-in BBQ. Shop with dad this weekend at open houses in Riverside and San Bernardino Counties. We think you'll find something the whole family can fall in love with.

RIVERSIDE COUNTY

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SAN BERNARDINO COUNTY

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If you have any questions about open houses, the real estate process, or your local market, just ask a real estate agent. It’s literally their job to help you find a house and some happiness at home. Search online for an agent near you or contact us and we’ll match you with an agent in your area.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

HOME BUYER TIP:

Homeowners often incorrectly believe that they have to make extensive and expensive changes to their homes to improve property value for investment or sales purposes. You can improve your home's appearance with just a few quick changes. You don't need to spend a lot of money either. Consider these three methods:

Invest In Cleaning Services

People are more likely to see the appeal of your home when it and nearby structures have bright, clean exteriors. Hire someone to remove debris from the roof and gutters and power-wash the siding, windows and porch or patio, if applicable. For cleaning paved sidewalks and driveways, hire a paving stone clearing and restoration service like Paving Stone of San Diego. A paving stone cleaner not only removes dirt,

House flipping is one of the tried and true ways to generate serious capital in the real estate market. Simply buy your properties low, fix them up a bit and sell them for a significant profit. Sounds simple, right?

According the the latest from ATTOM Data Solutions, the majority of people flipping properties are mom-and-pop flippers, turning over 1 property on average per year. The ideal flip is quick and cheap, however, most mom-and-pop flippers pay more for their properties and take longer to flip. Check out the data below. 

Flipping is a simple idea, but it is important to know where to focus repairs and updates around the house before tossing the home back on the market. Here are four areas to focus on to get the profits you want on a quick

HGTV's 4th annual Ultimate House Hunt contest, featuring listings exclusively from Leading Real Estate Companies of the World® and Luxury Portfolio International® members, is officially underway! The 2017 HGTV Ultimate House Hunt is a month-long online promotion being held on HGTV.com from June 13 through July 18. During the contest period, consumers vote for their favorite homes among 64 finalists in eight different categories.

This year, we're honored to announce that two First Team Real Estate listings from Jason Bradshaw have been selected by editors of HGTV.com based on their extraordinary features and inspirational design, captured by striking photography. 43 Beach View is a finalist in the Modern Masterpieces category and 17 Premiere Point has