First Team Real Estate Blog

 

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FIRST TEAM’S WEEKLY MORTGAGE WATCH (July 23rd, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgage rates managed to find some room to slip back downward last week. 
  • With a light domestic economic calendar, markets looked overseas. 
  • Only a few weeks ago, the European Central Bank was making pronouncements about the potential of beginning to tighten its policy. With such limited inflationary pressures, the ECB changed its mind. 
  • Even with economic growth for years, inflation remains muted. This continues to give central banks plenty of time to ponder their next, major move.
  • The Fed meets next week amid a busy week of economic data. We’ll get our first look at the 2nd quarter’s GDP, and it’s

Every time a buyer visits an open house in Los Angeles County, a real estate agent gets their wings. Or something like that. We'll see you out and about this weekend!

LA COUNTY

View all Los Angeles County Open Houses

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: Did energy efficient amenities make your homebuyer

Sure you've read about square footage online but have you seen it for yourself? Make you weekend count with open houses in Riverside and San Bernardino Counties. It's time to get to know your local real estate better. 

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: Sure the house

Summertime is in full swing, so don't forget to visit open houses in Orange County between your beach visits, OC fair afternoons, and movies in the park. After all, there's nothing more fun than finding your dream home.  

 Orange County

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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: Have you been keeping an eye on interest rates? You should, because it's one of the 5 real estate summer trends every buyer should know. Hint, they're low and there

Even if you're not planning on selling your home anytime soon, it's always a good idea to consider the overall value of your home and what you can to do improve it. Doing a bit of work on your home won't just improve its value, but it will also help to make your entire neighborhood more desirable and may inspire your neighbors to take better care of their homes.

Luckily, there are a number of basic improvements and upgrades that you can do without having to dedicate a huge amount of money or time. In fact, by taking the following steps, you could potentially add thousands of dollars to the value of your property by the end of the summer.

Give Your Exterior an Update

Simple things like repainting your doors and trim can have a huge effect on the

The real estate market is currently experiencing a classic seller's market, meaning there is more demand than inventory. According to Trendgraphix, there is only 1.8 months of inventory across Southern California (LA, Orange, Riverside, and San Bernardino Counties). With little inventory and mortgage rates at historic lows, sellers are sitting pretty, right? Well that's half of the story. 

According to a survey from Redfin, it might be a seller's market, but selling is hardly the finish line for these folks. Most home sellers still need to purchase another home after the sale of their current residence. This infographic from the California Association of REALTORS® breaks down the top three challenges for seller's in today's market. 

Real estate is one of the biggest purchases and investments that most people will ever make. For those that are looking to enter the real estate market soon, or sell a property in the near future, there are five trends that they need to be aware of. 

Interest Rates

Understanding interest rates and how they impact the market is important whether you are buying or selling, no matter what time of year. Over the past decade, mortgage interest rates have been extremely low compared to historical levels. In the last year, the government has raised key interest rates, which have slowly led to a steady increase in the market mortgage rates. If rates continue to rise in the coming years, it could have an impact on overall affordability for buyers. Sellers on

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (July 16th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgage rates started last week moving upward but lost steam as the week progressed. Some of the week’s upward pressure stemmed from the first rate increase in seven years from the central bank of Canada. 
  • Domestically, Industrial Production managed to hit expectations, but Retail Sales fell short and posted a disappointing decline. Lack of inflationary pressure continues to help hold rates lower. 
  • Another flat reading in the headline Consumer Price Index, coupled with a 0.1% increase in its core reading, further reduced the probability of another Fed rate increase in the near-term.
  • While many may be

Winter is coming... and you should probably make the your next big real estate purchase before it does because no one likes to move during the holidays. Start searching for your next home this weekend 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: Good news is, rates are still low at 3.96% according to the Weekly Mortgage Watch. Bad news is, they could begin rising at any moment. Keep on eye on

The only thing better than open houses this weekend in Los Angeles County is getting to know a First Team agent while you browse great homes. Get out this weekend to see what market inventory matches your wish list and chat with a First Team agent about your personal real estate goals.  

LA COUNTY

View all Los Angeles County Open Houses

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