Real Estate News

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

There are currently 380 blog entries related to this category.

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. 

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

Click here to download the PDF.

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

  • Mortgage rates marched upward last week, as solid economic news added to the expectation of future removal of accommodative monetary policy around the globe. 
  • Domestically, both the ISM indices notched solid increases into the mid-50s, indicating moderate growth in both manufacturing and services. 
  • Friday’s employment report sported a 222K increase in new jobs, well above expectations. However, the minutes of the most recent Federal Reserve meeting did show some desire to remain very cautious in both raising interest rates and in the trimming of its huge balance sheet. 
  • While it is easy to get excited by the

Our LA Market update features Los Angeles County real estate market trends including the latest data from June 2017. The First Team Real Estate market reports are created from MLS data using our proprietary Market Trends tool.

Need to know more before you make your next real estate move? Chat with a First Team agent and get your goals in order. Reach out now and we'll connect you with a top producing agent in your area.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

Including city specific data for Riverside and San Bernardino Counties, the Inland Empire Real Estate market report is everything you need to know about buying and selling real estate. With charts and the latest data highlights, we've got your real estate education covered.

For more information on your local market including sold prices and comps in your neighborhood, work with a First Team agent. Reach out and we'll match you with an expert in your area.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

The Orange County real estate market report is a summer seller's best friend. In fact, whether you're buying or selling real estate this year it's imperative to stay on top of the market trends that are shaping your local housing market. Check it all out in the June 2017 update.

Need help making your next move? Chat with a First Team agent and start taking your real estate goals seriously.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

Click here to download the PDF.

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

  • While published surveys showed relatively unchanged mortgage rates, last week ended with rates moving upward. 
  • The heads of three central banks, the Bank of Canada, the European Central Bank, and the Bank of England made market-moving statements. Like the US Federal Reserve, each of these central banks has deployed accommodative monetary policies and programs. 
  • Now, following our Fed, other central banks are talking about slowly rolling back toward zero stimulus. This caused a global shift in bond markets, resulting in price movements that started driving mortgage rates upward. 
  • Should central banks around

We call them man's best friend for a reason. Our pups and other pets are part of the family, so it's no surprise that they affect huge life decisions, including real estate decisions. According to the findings of the National Association of REALTORS Animal House: Remodeling Impact report, potential homebuyers and renters have an eye out for pet friendly amenities.

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (June 25th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • You could almost hear crickets chirping in the tranquility of the mortgage market, last week. 
  • While the week did have some economic news, rates remained in an impressively tight range. 
  • The housing market continues to reveal two trends: not enough homes and increasing price pressures. Of course, growth in the housing market is good for the economy, but the rate of home price increases continues to strain affordability. 
  • Fortunately, low mortgage rates continue to aid homebuyers as they race against increasing prices. 
  • The Conference Board’s Leading Economic Indicators grew for the eighth straight month,

According to the latest from the California Association of REALTORS®, California sales bounced back in May as home sales increased 2.6% from last year statewide. Specifically, SoCal saw a 6.5% sales increase from last year and a 6.4% increase in the median price of single-family homes. Check out the full infographic from CAR for a state snapshot of our real estate market.

For more trends on the Southern California market specifically, check out our Monthly Market Updates covering Orange County, LA County and the Inland Empire. We break down the most important statistics for each city including average sale prices, inventory, days on market, and more.