Real Estate News

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

There are currently 371 blog entries related to this category.

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.

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (June 18th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Even with a Fed rate hike last week, mortgage rates barely budged. 
  • The Fed did announce plans to begin reducing its massive balance sheet, at some point later in the year. The plan is very gradual and should help the market slowly adjust to a less accommodative policy. 
  • Overall, the economy seems to continue to remain in the same slow recovery mode that we’ve all grown accustomed too. As the 2nd quarter’s data trickles in, it appears we won’t have any large increase in overall economic activity. 
  • Industrial Production flat-lined, with manufacturing pulling back. 
  • Once again, inflationary pressures

 

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (June 11th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgage rates found room to trend downward last week, as politics weighed heavily on financial markets. 
  • Domestically, the drama surrounding all things Russia continued to decrease the odds of the new administration completing any real regulatory or tax reform program. 
  • “Across the pond,” the UK’s snap election resulted in a hung parliament, which translates into more uncertainty for the start of the BREXIT negotiations. 
  • All of this pushed even more money into US Treasuries and bonds.
  • This week is heavy with economic data and a Fed meeting. Markets have already “baked in” another rate increase, but

It's time to review the lastest real estate market trends for Los Angeles County with our LA Real Estate Market Update for May 2017. Our latest update includes MLS trends and statistics for nearly every city in the county, plus an LA County overview.

Don't feel like sifting through all the data by yourself? Team up with a First Team agent and we'll help you make the best real estate moves based on the current market conditions in your area.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

We've added a county summary page for Riverside and San Bernardino Counties so you can get an even better idea of real estate trends in the Inland Empire. Check out how your city compares to the county average in this month's Inland Empire Real Estate Market Update.

For more details on your local market, ask a First Team agent to run a full analytics report on your neighborhood including recently sold homes, market trends and more.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

 

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (June 4th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgage rates slipped slightly as last week ended. 
  • While the ISM Manufacturing Index managed to squeeze out a slight increase, the rest of the week’s economic data told a tale that we’ve been hearing for some time - slow growth. 
  • Friday’s employment report sported another drop in the unemployment rate, but it was due to folks leaving the workforce. Only 138,000 new jobs were created last month, and both April and March’s numbers were revised downward by a total of 66,000. 
  • Consumer Confidence remains elevated, but slid a bit more, as consumers notched down future expectations.
  • This week is slim in

This month we've added an Orange County summary page to our OC Real Estate Market Update so you can get an idea of how the local market is doing countywide. Find your city, learn the stats and see how it measures up to the rest of the county this summer.

For more help analyzing your local market, reach out and we'll connect you with a real estate expert in your neighborhood.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (May 28th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Housing came into focus last week, revealing that inventory levels helped pullback Existing Home Sales by 2.3%. 
  • At the current rate of sales, there are only 4.2 months of supply, which is considered below the optimal level of about 6 months of inventory. 
  • GDP numbers were adjusted upward more than expected, with 1st quarter GDP now sitting at 1.2%, a fair increase from the initial 0.7%. 
  • The minutes from the Fed’s last meeting also revealed more optimism for the economy. However, even with all the upward pressure that rates should be experiencing, they managed to decrease slightly.
  • This holiday-shortened

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (May 21st, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Despite some strong economic data, mortgage rates were unable to move upward, last week. 
  • Industrial Production leapt upward by a solid 1.0%, the largest increase in over three years. 
  • While Housing Starts did slip slightly, homebuilder confidence remains very high. The LEI also increased another 0.3%, notching its eighth consecutive increase. 
  • However, it seemed that every news cycle was dominated with trouble for the new presidential administration. It appears that the probability of many of the “pro-business” legislative actions is getting pushed further out with each new revelation.
  • This week is

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (May 14th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Last week saw mortgage rates rise slightly, with inflationary pressures and Retail Sales helping balance upward and downward pressure. 
  • While Retail Sales came in at a reasonable 0.4%, it was still a little short of expectations. 
  • Import and Export Prices Indices, along with the Producer Price Index, gave analysts some concern, as pressures continued to rise slightly more than expected
  • However, the core reading of the Consumer Price Index came in below expectations, tempering most fears regarding inflation. 
  • Even if upcoming economic data falls slightly short of expectations, we are still seeing