Real Estate News

Posts in this category feature real estate market trends on a national and local level.

There are currently 407 blog entries related to this category.

 

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. 

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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

This September 2017 saw 10,314 active properties in Los Angeles County with a median sale price of $640,000. For more stats on each city in the county, check out the full LA County Real Estate Market Update report.

We don't have a magical crystal ball to predict the real estate market, but we do have the facts - which are just as accurate. Reach out when you're ready and we'll help you navigate the ever changing real estate market.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

The median sale price in Riverside County for September 2017 was $362,000 and $330,000 in San Bernardino County. How do we know? Well it's all in our Inland Empire real estate market report of course. For more statistics and trends for each individual city in the region, check out the full report below.

The only thing easier than our IE market report is hiring a professional to do the real estate research for you. Reach out and we'll match you with a top performing agent in your area to help you define and execute your real estate goals.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

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FIRST TEAM’S WEEKLY MORTGAGE WATCH (October 2nd, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Analysts who predict that mortgage rates will move are beginning to sound like Chicken Little. Despite expectations of economic growth or the return of inflation or changes in Washington, rates remain firmly entrenched in a relatively tight range. 
  • While this week could have seen rates making a small step upward, many experts believe that a tightening and competitive mortgage landscape is restricting the ability of lenders to increase rates. 
  • With rates remaining at historically low levels for years, coupled with tight real estate inventories, this may be the case. 
  • Or it could simply be that the mortgage

If you're looking for the most accurate statistics on your local real estate market, then you've come to the right place. Our Orange County Market Report for September 2017 recaps exactly when happened on the market last month including every home sold, average sold prices, days on market, and more. Find your city and let the quick study begin!

Need help analyzing the market? Reach out and we'll connect you with an expert in your neighborhood to help you make sense of the stats and come up with a strategy for your home sale or purchase.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

Although inventory is declining, sales have increased 1.3% from last year according to recent data from the California Association of Realtors. In Southern California the media price of single-family homes increased 7.7% from a year ago to $534,820 and sales increased by 5.8% from last year. Despite low inventory, the real estate market remains strong.

The infographic below breaks down the state data between the San Francisco Bay area, Central Valley and Southern California. Southern California statistics encompass LA, Orange, Riverside, San Bernardino, San Diego and Ventura counties. 

If we look specifically at the Southern California numbers, the Inland Empire most recently has seen the largest price increase year over year. San Bernardino County

Weekly Mortgage Watch - September 24, 2017

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FIRST TEAM’S WEEKLY MORTGAGE WATCH (September 24th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Many economists breathed a sigh of relief when the Federal Reserve finally announced the start of its long path to winding down its gigantic portfolio. 
  • With inflation unexplainably muted, the Fed has been able to remain “accommodative” for an extended period. Indeed this has become the third longest recovery in recorded US history. 
  • However, the economy moves in cycles, and another downturn will happen, although we don’t know when. 
  • According to experts, if the next downturn starts before the Fed “normalizes” its policies and portfolio, the tools at the Fed’s disposal to fight a recession could be very

 

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FIRST TEAM’S WEEKLY MORTGAGE WATCH (September 17th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Both Retail Sales and Industrial Production headed lower last week, with mortgage rates holding steady in the face of mounting domestic uncertainty. 
  • The hurricanes, political turmoil, and the potential for a new Fed Chair in February are creating questions for both economic growth and the Fed’s plans for next year. 
  • While the 3rd quarter does appear to be softer than the previous one, August’s data did sport a little bit of inflation. This coupled with improvements in international economies could begin to create a floor for rates, even if the US economy sputters a bit.
  • This week, the Fed meets to