November 2014

There are 15 blog entries for November 2014.

At First Team Real Estate the holidays are our favorite time of the year because we get to slow down and show our appreciation for our community - for the people who make our jobs worthwhile. It's a season of good food, friends, family and plenty of opportunities to give back and give thanks for those around us. Southern California is our hometown, so during the holidays we do what we can to spread the love and of course plenty of fun.

Here's what we're doing this holiday season and ways for you to join in the fun and community giving.

Thanksgiving Food Drive at the Fullerton Office

The First Team Fullerton Office is once again hosting their Annual Food Drive to support and hungry and homeless that live right here in Orange County. Supporting

Completed home sales nationally climbed to 5.26 million this October and are now above year-over-year levels for the first time since October 2013 according to the latest from the National Association of Realtors. This is great news for the real estate market, a sign that numbers are not only normalizing but strengthening for next year.

Thanks to low interest rates this fall and rising inventory, buyers are creating more sales activity. The job market has also been strengthening which is a good sign this increase will continue.

Here are the highlights from the report:

  • Median existing home price was $208,300 which is a 5.5% raise from this time last year.
  • Inventory fell at the end of October and unsold inventory is now 5.2% higher than last

Thanksgiving and the holiday season reminds us to be thankful for what we have and give back to those less fortunate. This is the time when many people bring in canned goods for food drives, volunteer at soup kitchens and help out their community to spread the holiday spirit.

Thanksgiving is just a few days away but there are still plenty of things you can do to give back and support your Southern California community. Here are 3 creative events and charities that you can help out this year to show you love your hometown.

1. Participate in a Turkey Trot

Turkey Trots are happening all over Southern California so sign up and join in the fun. These 5K, 10K or Family Fun Run races are great for your healthy and a great way to raise money in your

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First Team’s Weekly Mortgage Watch (November 16th, 2014) this week highlights the following updates:

  • Despite a very busy week of economic data for markets to digest, mortgage rates barely moved either direction, last week.
  • Housing news came in strong with Existing Home Sales climbing to 5.26 million, the fifth month in a row over the 5 million mark. The Index of Leading Economic Indicators recorded its ninth month in a row without a negative reading.
  • Both the Consumer and Producer Price Indices revealed sizable drops in energy prices, and muted inflation elsewhere.  The minutes of the last Federal Reserve meeting didn’t shine much light on anything that we didn’t already know.
  • The only weak

Get to know the Southern California real estate market by visiting open houses this weekend in the Inland Empire, November 22-23. Fall is a great time to buy because there's less competition on the market and a fresh start in a new home is the best way to start the new year.

Search through all First Team open houses on our site or click the links below to search within the Inland Empire.

Corona (5)
Hemet (1)
Lake Elsinore (6)
Menifee (1)
Norco (1)
Riverside (1)
Temecula (1)

 

If you have questions about home buying and the local real estate market, contact a First Team

Visit First Team open houses this weekend in Los Angeles County, CA to find the perfect home for you this holiday season. Choose from the city list below to find homes near you or search on our site for a complete list of over 100 Southern California open houses going on this Saturday and Sunday.

Alhambra (1)
La Mirada (2)
Lakewood (1)
Long Beach (4)
San Pedro (1)
Valencia (1)

Don’t work hard, work smart in your house hunt. Work with a buyer’s agent to help you find and secure the perfect home. You can search for a First Team agent in your area online or just leave the search to us. Call or email

Do something fun this weekend and check out open houses in Orange County near you. Browse the list below for cities you’d like to see more of or view all open houses going on this Saturday and Sunday at FirstTeam.com. With over a hundred open houses across Southern California, you've got plenty of choices!

Now get in a real estate of mind and start your home search!

Aliso Viejo (5)
Anaheim (1)
Anaheim Hills (3)
Brea (1)
Buena Park (1)
Costa Mesa (3)
Coto de Caza (1)
Cypress (4)
Dana Point (3)
Fountain Valley (2)

Moving into a new home is an exciting adventure, especially when you have plans to decorate and renovate your new space. Going retro fab and creating a vintage look in a new home is possible with a bit of time, effort and plenty of creativity. Whether you're strapped for cash or looking to change the entire atmosphere of your new place, there are plenty of ways to do so for any style you have in mind.

1. Vintage and Resale Shops

There have been a vast number of vintage and resale shops popping up across the United States. Visit plenty of vintage and resale shops to find furniture and decor for any space in your new home.

2. Get Crafty with Wood and Paint

Find wooden furniture or decor for homes at resale shops and add a new layer of paint to

If you’re getting ready to downsize your home then it’s time for you to learn more about Proposition 60 and 90. These property tax breaks for seniors keep your monthly payments where they are and your money where it should be – in your pocket.

What is Proposition 60?

Prop 60 allows you to transfer the base year values of your property tax from one residence to another if you’re moving within the same county.

What is Proposition 90?

Prop 90 allows you to transfer from one county to another within California. Transfers are based on each county and their individual rules.

As of September 2013, there are 9 counties to allow intercounty transfers. These ordinances are subject to change however, so make sure to call your county assessor to

Buying a fixer-upper can be a great real estate investment but the secret is finding the right house. There are obvious benefits to buying a fixer-upper including: lower sales price, less competition, resale potential and the satisfaction of a job well done.

We all know that the ideal fixer-upper is one that everybody wants – just not yet. The key is seeing past the peeling paint, warn carpets and popcorn stucco walls that other buyers can’t. To help you narrow in on exactly what else makes a fixer-upper a worthy real estate cause, here’s the most important points to consider.

Cosmetic Repairs Vs. Structural Repairs

The most important determining factor in whether or not a fixer-upper is worth the work is the type of repairs it needs. Generally