Real Estate News

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

There are currently 358 blog entries related to this category.

 

Click here to download the PDF.

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

  • Global news helped drag mortgage rates slightly lower last week. While no one specific event caused the downdraft, the never-ending mess in Syria, the growing focus on North Korea, the return of Brexit into the news, and the drama around the French election, all seemed to dominate the news cycles. 
  • The falling rates, however, are not indicative of any unusual slowing of the US economy. Rather, we continue on the same course as we have been on for many years.
  • Rates have drifted down to where they were after the election. Perhaps, the hopes that we would see a quick, radical change in Washington are

 

Click here to download the PDF.

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

  • Average mortgage rates wobbled downward last week, touching their lowest point of 2017. Both economic data and international drama contributed to the slide. 
  • Retail Sales slipped a bit more than expected, dropping 0.3%
  • Inflationary pressure reined back for the most part, with the core CPI decreasing for the first time in seven years
  • Internationally, the drama playing out in the Middle East, along with Iran and Russia’s involvement, coupled with the heightened tensions in North Korea, seems to have made markets a bit more uncertain than they were just a few weeks ago.
  • This week could see rates

 

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (April 9th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgage rates drifted slightly lower again last week, with mixed economic news. 
  • While US military action can often impact markets, the airstrikes in Syria had a somewhat tempered impact. 
  • The Fed’s meeting minutes did contain some important news. At some point later this year, the Fed will begin to wind down its massive holdings of Treasuries and Mortgage-Backed Securities. We’ll have to wait to see the exact impact, but if private markets don’t have much appetite for the securities, rates will tend to drift upward. 
  • March's employment report was very mixed, with unemployment falling to the lowest level

Real Estate market trends for Los Angeles County, brought to you by First Team Real Estate. Our LA Market Update for March 2017 includes MLS trends and statistics for nearly every city in the county.

For more resources on your local real estate market, team up with a First Team agent. Our local experts are here to help you better understand your neighborhood and the home buying and selling process.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

It's time to catch up with the latest real estate trends in Riverside and San Bernardino Counties. Take a look at our Inland Empire Real Estate Market Update with March 2017 data to stay ahead of your local market.

For more stats and trends about your neighborhood, reach out and chat with a First Team agent. Our local specialists are at your disposal to help you plan the perfect buying or selling strategy.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

Check out our new and improved Orange County Real Estate Market Report with more charts and relevant data, to help you succeed when it comes time to buy or sell real estate. Understanding your local market just got a whole lot easier.

If you want more information about your local market with neighborhood stats on comparable property values and more, reach out and we'll connect you with an expert in your area.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

 

Click here to download the PDF.

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

  • The first quarter of 2017 ended with mortgage rates trending slowly downward, even with some good economic readings. 
  • Consumer Confidence leapt to its highest level since 2000, with optimism for both current conditions and the future. 
  • The final reading for the 4th quarter’s GDP was revised upward to 2.1%, which left GDP for 2016 at a soft 1.6%. 
  • We did see a small uptick in average claims for joblessness, which could indicate some slowing in hiring, but we’ll need a few more data points to be sure. 
  • Inflationary pressures continue to hum along at moderate levels, giving the Fed ample options for

Practically everyone dreams of owning their home someday, but many people have a tough time determining when they should buy. Buying a new home can be more expensive initially, but it will also allow you to build up an incredible amount of equity over the years. Here is a look at some of the factors you will need to keep in mind while you are going through this process.

The Initial Costs

Even though most rental units require a deposit, they are nowhere near as high as the down payment on a home. Depending on your credit score and a number of other factors, the down payment could be as high as 20 percent of the home's value. Many lenders will lower their requirements if you work within a specific industry, and that is why you should speak with a

Click here to download the PDF.   

FIRST TEAM’S WEEKLY MORTGAGE WATCH (MARCH 26TH, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • As expected, mortgage rates moved downward last week, after the Fed soothed markets by behaving as expected.
  • Housing news continues to show a strengthening market. While Existing Home Sales did contract, the lack of inventory remains the key constraint holding back sales.
  • Builders continue to ramp up production numbers, and New Home Sales reflected this optimism, climbing to almost 600K.
  • The drama surrounding the healthcare bill dominated markets for the last portion of the week. The bill’s postponement created some uncertainty about both the efficiency and speed at which the new

 

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (March 19th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • With the market convinced that the Fed was going to raise rates last week, anxiety began to surface that perhaps the Fed would become even more aggressive and move toward four rate increases this year, rather than the anticipated three. 
  • After meeting market expectations of bumping rates upward, the Fed stood pat, revealing a strong bias toward only two more rate increases this year
  • The week ended with rates trending back downward. Economic news continued in the same vein that it has for years, good, but not great. 
  • Retail Sales grew slightly, manufacturing and mining sub-indexes within Industrial