June 2014

There are 43 blog entries for June 2014.

Before you get a mortgage loan you need to know the basics of what it actually is, that’s why we put together this crash course in the anatomy of a mortgage loan. We’re going to cover the basic definitions of some common terms you’ll run into, the actual break down of what you pay each month for your mortgage and then go into some of the most popular types of mortgages for homebuyers.

Terms and Definitions

When you are trying to secure a mortgage loan from a lender these are the mortgage components you’ll need to know about:
  • Interest rates – An interest rate is the percentage of your loan amount the lender charges you to borrow the money to buy your house. Interest rates are based on: market conditions, your credit score, the size of your down

Weekly Mortgage Watch - June 29, 2014 PDF Version Download the PDF version. First Team’s Weekly Mortgage Watch (June 22nd, 2014) this week highlights the following updates:
  • Mortgage rates moved downward, last week, after the Bureau of Economic Analysis announced that GDP had plummeted by a whopping 2.9% in the first quarter of this year.
  • A significantly larger-than-expected revision downward would often drive a large pullback in equity markets and significant rallies in bond markets.  However, markets mostly shrugged, focusing on more current data that shows that the economy is on positive footing here in the second quarter. 
  • Both Existing and New Home Sales data revealed improvements, and Consumer Confidence ticked upward again.
  • This holiday-shortened week has two very

Current monthly report on Orange County CA real estate:
  • Homes for sale – 6,409
  • Single-family homes for sale – 4,078
  • Condos/Townhomes for sale – 2,230
  • Average price of single-family home – $868,000
  • Average price of condo/townhomes – $466,500
Now that you have a big picture of the Orange County real estate market it’s time to get it to know it personally. See what the market has to offer you by viewing properties for sale at an open house this weekend or any time by appointment with a First Team Real Estate agent. Call or email now and we’ll set you up with your own personal expert and guide to homes for sale in Orange County. Because there's no time like the present to find your dream home and start living the life you want, right?

Email

Current monthly report on Inland Empire CA Real Estate:
  • Homes for sale – 14,795
  • Single-family homes for sale – 12,364
  • Condos/Townhomes for sale – 1,859
  • Average price of single-family home – $450,000
  • Average price of condo/townhomes – $262,250
If you’re interested in getting to know the real estate market better in Riverside County, San Bernardino County and the Desert Areas then you should take the time and visit some open houses. You can view homes for sale this weekend at an open house our any time by appointment with a First Team Real Estate agent.

Email us at clientservices@firstteam.com

Call us at888-870-1142

This weekend June 28th and 29th there are 6 First Team open houses in the Inland Empire all located in Riverside County.…

Current monthly report on Los Angeles County CA Real Estate:
  • Homes for sale – 13,715
  • Single-family homes for sale – 10,088
  • Condos/Townhomes for sale – 3,518
  • Average price of single-family home – $766,000
  • Average price of condo/townhomes – $502,500
If you’re interested in getting a better feel for the real estate market then visit an open house in the area of your interest. You can view LA homes for sale this weekend at an open house or any time by appointment with a First Team Real Estate agent. Call or email us and we’ll connect you with a buyer’s agent to be your personal guide through the Los Angeles County real estate market.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

There are 10 First Team scheduled open

RealtyTrac is the nation’s leading source for comprehensive housing information and that’s why we teamed up with them here at First Team. With RealtyTrac’s extensive local data we’re able to help home buyers make educated and informed decisions even easier. RealtyTrac provides our clients with useful statistics and real time data ahead of the competition.

RealtyTrac’s website HomeFacts.com gives buyers everything they want to know about a city or specific property’s area before they make a purchase. Have some fun and play around on the site for yourself. One of our favorite features is the extensive school info for each area including a rating for each! – HomeFacts.com.

See for yourself what First Team’s Senior Vice President of Sales Chris

Buying a home or apartment is a big decision and there are several things to consider before you decide on what to purchase. If you’re looking at San Diego real estate, Los Angeles homes for sale or any other city with densely populated areas your considerations will be different than buying a home in an area like Orange County. In this particular article, considerations for apartments or condos in the big city will be the main focus.

1. Your Safety

Without a doubt, if you live on the first floor, you are vulnerable. Think about it, a criminal or mischievous person can, with ease, break into your first floor property. Riverside Ironworks a company that does window security bars in Vancouver has said that you will want to cover your windows with iron…

According to Zillow, roughly 20-30% of all home buyers purchase properties within homeowners associations. That means if you’re looking to buy, you need to know the facts and decide whether or not owning a property in an HOA community is worth the price.

What is a homeowners association?

An HOA is an organization in a residential community that creates and enforces rules for all properties in the development. HOAs can be associated with condominiums, townhouses or could be a single-family home community or private neighborhood. HOAs are very common among Irvine homes for sale and other communities in South Orange County. HOA rules can govern everything from parking restrictions and storage usage to architectural and design guidelines.

HOA fees on

FHA loans can be a great option for home buyers when it comes to securing a mortgage. With a minimum of 3.5% down payment and looser restrictions than conventional loans on credit history, an FHA can be just what first-time home buyers (or any home buyer) needs to break into the real estate market.

It’s important to know all the facts about FHA loans before you make the decision so here are 5 things you may not know about FHA loans.

1. Not all properties are available for purchase with an FHA loan.

First of all, properties purchased with FHA loans must be used as the borrower’s primary residence; the loan cannot be used for investment or rental properties. Furthermore detached and semi-detached houses, town houses, row houses and condos with FHA

There are tons of groups and cities that put on July 4th Fireworks in the Inland Empire but it can be tough deciding where to go and spend your Independence Day. Here are a couple of the biggest events going this 4th of July 2014 - all including an amazing fireworks show.

From San Bernardino County to Riverside County here are great family friendly options for where to spend your day and night partying patriotic style. And for some fun DIY 4th of July treats and crafts check out our Pinterest DIY board.

Big Bear

Where: Big Bear Lake

When: July 4th-6th, Fireworks at 8:45pm on Friday

What you need to know: This isn’t just one event but several activities, shows and events happening all weekend long. The main event is the Big Bear Lakes Fourth