Real Estate News

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

There are currently 398 blog entries related to this category.

 

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FIRST TEAM’S WEEKLY MORTGAGE WATCH (September 17th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Both Retail Sales and Industrial Production headed lower last week, with mortgage rates holding steady in the face of mounting domestic uncertainty. 
  • The hurricanes, political turmoil, and the potential for a new Fed Chair in February are creating questions for both economic growth and the Fed’s plans for next year. 
  • While the 3rd quarter does appear to be softer than the previous one, August’s data did sport a little bit of inflation. This coupled with improvements in international economies could begin to create a floor for rates, even if the US economy sputters a bit.
  • This week, the Fed meets to

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FIRST TEAM’S WEEKLY MORTGAGE WATCH (September 10th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Hurricanes and wildfires certainly have devastating consequences for those impacted, and we don’t want to discount the tragedy or human stories that accompany these events. 
  • From an economic standpoint, however, the national impact is historically limited. Of course, these aren’t normal times and these events are gigantic and widespread. 
  • Because we don’t have a clear idea of what the impact will be, we are seeing some money flowing into the relative safety of treasuries and bonds. In many ways, more uncertainty is creeping into the market. 
  • Will Washington be able to accomplish anything meaningful to

Real estate market got you stumped? It's easy to understand when you've got our LA Market Report to reference. Our August 2017 update includes all the latest statistics you need to know like average sale price, days on market, and inventory numbers.

For more help analyzing your local market, sync up with a First Team Real Estate agent. Reach out and we'll match you with a top agent in your neighborhood to help you hone your real estate goals and make an action plan.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

Covering Riverside and San Bernardino Counties, our Inland Empire Real Estate Market Report is the first thing you need to study before making a big real estate decision. Find your city, check out where the market currently stands, and reference the charts to understand where the market has been for the past year. The more you know...

Need a study partner? Team up with a First Team Real Estate agent in your area. With over 1,600 real estate professionals in the Southern California area, we've got someone perfect for you.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

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FIRST TEAM’S WEEKLY MORTGAGE WATCH (September 3rd, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Last week saw mortgage rates creep slightly downward, even with some strong economic news. 
  • The ISM Manufacturing Index surged higher, and Consumer Confidence stepped upward again. 
  • This was coupled with GDP being adjusted upward more than expected to a solid 3.0% for the 2nd quarter. However, other data and news helped pull rates downward. 
  • The number of new jobs created in August fell short, and the two previous months were notched downward. 
  • Inflation continues to be so negligible, that odds of the Fed raising rates again this year are sliding downward. 
  • All of this comes against the backdrop

While the kids are going back to school, we're teaching you about the Orange County real estate market with our OC Market Update for August 2017. With all the latest statistics from the MLS, our market report is the perfect way to assess your local real estate market. Including average home prices, inventory and more, this is the easiest way to impress the teacher with all of your expert knowledge.

Need help analyzing this market cheat sheet? Ask a First Team agent. Reach out and we'll connect you with a top agent in your area to help you analyze your neighborhood market and make a plan to execute your real estate goals.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

Luxury Portfolio International completed a profile of wealthy homebuyers and how the global real estate market is affecting how affluent buyers approach a new home purchase. If you are planning to sell your million dollar home in Southern California, it's crucial to understand your potential buyer. This Luxury Portfolio white paper dives into the differences based on buyer's price range when comparing three markets, the $1 to $2 million buyer (Practical Explorers), the $2 to $5 million buyer (Meaning Seekers), and the $5 million and above (Power Players). 

Check out the full white paper below and read about each buyer profile to find out more about the audience who could be interested in buying your home. Each profile includes demographics, insight and

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FIRST TEAM’S WEEKLY MORTGAGE WATCH (August 27th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • As the summer of 2017 heads into its final week, mortgage rates continue what has begun to feel like a long vigilant watch for either accelerating economic growth or increasing economic pressure. 
  • As we wait, rates have drifted very slowly down from last November’s spike upward. 
  • The week ended with the annual meeting of economic heavyweights in Jacksons Hole, WY. During some years, the words from central bank leaders have rocked markets. This year, we didn’t even get a fizzle. 
  • No surprises were expected and none were delivered. Many of our trading partners are in the same boat. 
  • We certainly

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FIRST TEAM’S WEEKLY MORTGAGE WATCH (August 20th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Retail Sales data came in strong for July, with adjustments upward for both May and June. Industrial Production also posted a reasonable increase. 
  • Weekly jobless claims posted another very low reading. However, even with what looks like decent economic data, mortgage rates remain almost unchanged. Some of this may have been due to the minutes from the latest meeting of the Federal Reserve. 
  • The notes have led analysts to believe that we may not see the start of the trimming of the Fed’s balance sheet until perhaps 2018. 
  • Without any threatening inflation concerns, we could even see an increase in the Fed

Have you considered selling your own home so you can save money on an expensive agent commission? Then it might be time you considered all of the facts. A new study from Collateral Analytics suggests that homeowners will net roughly the same proceeds whether they sell through a real estate agent or decide to sell on their own and take the FSBO (for-sale-by-owner) route.

Why is that? It’s because agents are more likely to achieve a higher sales prices for properties than comparable FSBO listings — enough to offset their commission fee. The study looked at more than 200,000 FSBO sales and one million MLS sales in 2016 and 2017. They defined a FSBO listing as a non-MLS listing.

“Overall it is clear that FSBOs have a low probability of selling, and