First Team Real Estate Blog

 

FIRST TEAM’S WEEKLY MORTGAGE WATCH (OCTOBER 8TH, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

•Mortgage rates managed to increase again last week, on a robust 1.6% increase in Retail Sales and some
upward inflationary pressure.
• While the increase in Retail Sales was welcome, the core reading rose by only 0.5%. While the core reading
has only hit this mark once in the last 8 months, it comes on the heels of a decrease in August’s reading.
• Upstream inflationary pressures did flare upward some, but we’ve yet to see any of these increases passed along
to consumers.
• All-in-all, we continue to power forward in a somewhat baffling and unchartered territory. Solid growth
hasn’t generated significant inflation, and we’re about to start history’s first

Last month you probably heard that hackers stole the personal data of up to 143 million Americans in the Equifax breach. You might have frozen your credit cards as a safeguard, but did you know that hackers could use your personal information to steal your home?

If someone has your social security number, driver’s license number and birthdate, then they can also have access to your signature if you’ve ever signed a grant deed (property deed) that was publicly recorded. Worst case scenario, an imposter with all of your personal information could go into a county recorder’s office with a properly filled out and notarized deed, and the recorder’s office is obligated to record the document. And just like that, you've lost the title to your home. 

Will the whole family still fit into your little living room for Christmas this year? If you need a home upgrade for the holidays, start searching now at open houses in Orange County.  

 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: With a tough seller's market like the one we're experiencing in Southern California, it might be worth your time to consider submitting a backup offer. Check out our 4 Tips for Submitting a Backup

Wishing you lived in a better neighborhood for your kids to trick-or-treat in? Search for a better home and community this weekend at open houses in Riverside and San Bernardino Counties.  

RIVERSIDE COUNTY

View all Riverside County Open Houses

SAN BERNARDINO COUNTY

View all San Bernardino County Open Houses

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: Average mortgage rates are currently at

If football season has reminded you that you need a bigger space for your famous Sunday game nights, then it's time to visit open houses in Los Angeles County this weekend. Can't hurt to take a look at some properties with bigger kitchens or a sweet backyard barbecue set up. 

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

Deciding whether to remodel a home or not can be a difficult decision to make. Everyone wants to enjoy the home they live in and try to maximize their return when the time comes to sell and move on. In order to see whether it is worthwhile to do a remodel, it is vital to understand how or if renovations will affect the housing market, and to what degree.

Renovations

In order to see how renovations affect the housing market, it is necessary to compare figures and evaluate trends that are seen in the housing market. In essence, did the value of any single or combination of home renovations affect the resale value of that home, and if so, to what degree was the resale value impacted.

Types of Renovations to Consider

Based on charts and reports,

Wooden floors have beautiful finishes. They are durable and easy to clean and maintain. But if you’re environmentally savvy, there is always the concern that the type of flooring you choose will negatively impact the environment. But what if there was a way to have beautiful wooden floors in your home without causing undue harm to the environment? Here are some eco-friendly wooden flooring solutions for your home that you might not have considered.

1. Bamboo

Light as it is, bamboo is a hard material and can withstand more use than your traditional hardwood floors, even though it looks just like it. It is easy to maintain and is a natural resistant to mildew, water, and insects. Bamboo is renewable. It is harvested from natural vegetation and takes

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FIRST TEAM’S WEEKLY MORTGAGE WATCH (October 8th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgage rates appear to be trending upward as the majority of economic data from last week pointed to solid economic growth. 
  • Both of the ISM Indices stepped on the accelerator, powering past expectations. 
  • The unemployment rate dropped to 4.2%, with both the participation rate and hourly earning bumping upward. Against this backdrop, analysts pointed to hurricane-related distortions to explain the 33,000 jobs lost in September. 
  • While this is very likely to be the case, the bond market seems to be more hesitant than the stock market to celebrate and make significant moves.
  • If this week’s Retail Sales

Despite the sunny SoCal weather, it is in fact fall. Temperatures have dropped ever so slightly, but the real estate market is still hot. See for yourself this Saturday and Sunday at open houses in Orange County.  

 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: Before you hit the streets, study up on the market trends in your city. Check out the Orange County Real Estate Market Update for September 2017 for all the latest news on

Throw on your infinity scarf and let's go check out open houses this weekend in Riverside and San Bernardino Counties. It's time to check out the fall inventory on the real estate market. 

RIVERSIDE COUNTY

View all Riverside County Open Houses

SAN BERNARDINO COUNTY

View all San Bernardino County Open Houses

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: The best way to predict the real estate