Real Estate News

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

There are currently 342 blog entries related to this category.

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

  • Mortgage rates shifted into neutral at the beginning of the year after spiking upward as 2016 ended. At least for the time being, they seem to be happy to remain flat. 
  • Last week saw some strong data coming from the housing market, with Existing Home Sales moving to the highest level since 2007. 
  • New Home Sales also moved upward, with an increased number of ready-to-sell homes. Because of the lack of existing home inventory, prices continue to be pushed upward in most of the country. 
  • Rates seemed to mostly ignore comments from the latest Fed meeting minutes that lead some analysts to increase their

While the celebrities walk the red carpet this weekend, you could be walking on some new carpet in an open floor plan at open houses in Riverside and San Bernardino County. What's on your wish list for a new home? 

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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.

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HOME BUYER TIP: Mortgage rates this

 Weekly Mortgage Watch - February 19, 2017

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

  • Mortgage rates meandered last week, even with many signs that perhaps should be pushing them upward. 
  • Fed Chair Yellen testified before Congress and stated that “waiting too long to remove accommodation would be unwise,” which has been interpreted as reaffirming the likelihood of three rate increases in 2017. 
  • Retail Sales bumped up 0.4%, a sizeable increase from the 0.1% predicted. 
  • Inflationary pressures also flared some, with core readings in both the Consumer and Producer Prices Indexes rising more than anticipated. 
  • Perhaps, the market is simply correcting itself, by staying flat, after the

 

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FIRST TEAM’S WEEKLY MORTGAGE WATCH (February 12th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgage rates continued to drift slowly downward last week, as they waited for clear economic signs or more details and action on future policies. As the week wound down, rates were spurred higher by talk of a future “phenomenal” tax cut plan, which drove stock markets higher. Investors shifted money out of bonds and treasuries which began to tug mortgage rates upward.
  • Even with the upward pressure that stopped rates from continuing to drop, we may see rates moving downward this week. The Producer and Consumer Price Indexes are due, and neither is expected to rise much. More importantly, both Retail Sales

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FIRST TEAM’S WEEKLY MORTGAGE WATCH (February 5th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • During a week that could have easily seen mortgage rates rising, we caught a break, and rates remained fairly level. 
  • While our economic progress coming out of the last recession has felt very slow, we continue to see economic improvement. 
  • Last week, the ISM Manufacturing Index posted a 1.5 point increase, landing at a level indicating solid growth. 
  • The Fed meeting went off as expected with no change in rates, and very little change to policy. 
  • While market watchers are now setting odds for a March rate increase at about 10%, the longer the Fed waits, the harder it will be for it to impose the three

Riverside and San Bernardino County real estate market trends to help take the guesswork out of buying and selling in Southern California. Take a look at what's happening in your city.

For more details on your specific neighborhood, work with a First Team Real Estate agent. With even more data and down to the block comparables, anything you want to know is at your fingertips. Just ask.

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Study up on the latest LA County real estate market trends and statistics, updated with the January 2017 MLS data. We did all the analysis, all you have to do is scan the facts.

Want even more statistics? We are happy to oblige. Just reach out and we'll match you with a First Team agent in your area who can run a Comparative Market Analysis of your neighborhood with down to the block comparables. Because you deserve all the fact.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

Orange County real estate market trends for the month of January 2017, updated with the latest MLS data. Our OC Market Update includes all the stats you need to know before buying or selling on the local real estate market.

Want to dive even deeper into the local real estate numbers? It's easy when you have a trained First Team professional by your side with access to a full suite of analytics. Reach out and we'll connect you with an agent in your area to help you get down to business with your real estate goals.

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Weekly Mortgage Watch January 29 2017 

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FIRST TEAM’S WEEKLY MORTGAGE WATCH (January 29th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgage rates went on a bit of a roller coaster ride last week. 
  • As expected, rates begin the week on an upward trend, but by Friday, rates moved back downward.
  • The LEI came in slightly better than expected, while New and Existing Home Sales posted declines as anticipated. Existing home inventories continue to tighten, making it difficult for total sales to rise. 
  • GDP data painted a slightly bleaker picture than experts had predicted, posting only a 1.9% increase. This leaves GDP for 2016 at 1.6%, which remains below what many experts consider the economy’s “natural potential.”
  • This week could very

 

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FIRST TEAM’S WEEKLY MORTGAGE WATCH (January 22nd, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgage rates rose last week, despite the national survey results. 
  • While the recent run-up in rates may have been induced by perceived positives from the administration change, this increase in rates is based on fundamentals and may be the beginning a long trek upward
  • In two speeches, Fed Chair Janet Yellen gave no hints that would lead analysts to reduce the predicted three rate increases in 2017. 
  • Both the employment rate and inflationary pressures appear to be at levels that will enable the Fed to begin backing further away from emergency-level monetary policy. 
  • However, the chance of an