Real Estate News

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

There are currently 363 blog entries related to this category.

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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

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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

The real estate market is easy when you organize it into our Los Angeles Real Estate Market Report. Updated with the latest April 2017 statistics and trends, this bad boy has everything you need to know about inventory, pricing, and more.

If you are serious about making a move this summer, then it's time to sync up with a real estate agent. Reach out and we'll connect you with an expert in your neighborhood to make your real estate goals a reality.

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Get your toes wet with real estate and flip through our Orange County Real Estate Market Report, updated for April 2017. Including stats and trends from every city in the county, our Market Update is the pefect way to prepare for the summer selling season!

If you need help creating your summer real estate strategy, then talk with a First Team agent. We have over 1,700 real estate professionals in Southern California and we are at your service.

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Call us at 888-870-1142

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FIRST TEAM’S WEEKLY MORTGAGE WATCH (April 30th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgage rates experienced a bit of upward pressure as last week began, but settled down as the week ended. 
  • Consumer Confidence slid back another 4.6 points and the first estimate of Q1’s GDP fell slightly short of consensus, coming in at 0.7%. 
  • However, traders weren’t too concerned with the shortfall in GDP, as we’ve experienced a number of years of Q1 weakness, followed by significantly better GDP numbers for the rest of the year. 
  • New home sales did take another step upward as builders continue to ramp up their production capabilities to meet the growing demand for housing.
  • This week is jam-packed

 

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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

 

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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

 

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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.

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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