Real Estate News

Here is a brief summary of January 2015 sales, compared to January 2014:

Long Beach - Median sales price for a single family home: $481,000 (up 5.8%), housing inventory down 22%, with only 2.2 months supply of inventory on the market.

Cerritos - Median sales price for a single family home: $602,000 (up 3%), housing inventory down 9% with only 2.1 month supply of inventory on the market.

If you plan to buy a home in 2015, the sooner the better. Start shopping at open houses this weekend in Orange County because the sooner you find the right property, the sooner you can cash in on low interest rates and down payment assistance programs.

You can search all Orange County open houses by city search through our complete list of open houses available this Saturday, February 7th and 8th in Southern California.

Looking toward downtown Long Beach from Bluff Park

For quite a while the price increases have been pretty noticeable, but on closer look it's not the same for all segments of the

If you’re on the hunt for a new LA home then it’s time to get out and visit open houses this weekend in Los Angeles County. This weekend there are 6 First Team open houses this weekend available for viewing in Los Angeles County, Saturday Nov. 8th and Sunday Nov. 9th. Stop by an open house and start getting to know your local market.

Search by city in LA County or browse through all First Team open houses in Southern California.

As of November 24th, new changes and additions to our real estate contract will be taking place.  This is one of the most significant series of changes, and the largest amount, in many years.  So if you're a buyer or a seller of a condo, house, duplex, three- or four-unit residential property and you open es

Just Sold in Bluff Park:
2601 E Ocean Blvd., #305 -- a 2 bedroom/2 bath + dining room end unit with ocean and neighborhood views. Lots of character and space in this 1970's condominium. Third floor unit in an upgraded homeowner association.

Single family home prices in the 90803 zip code (including Bluff Park, Belmont Shore, Naples, Belmont Heights) have, on average, ranged between $554,000 and $970,000 over the last three years. November 2011 and September 2014 are so far the two highest points on the scale. The majority of houses selling over $900,000 during 2014 in this zip code are mostly in Belmont Shore, next is The Peninsula, Bluff Park and the lower part of Belmont Heights.

e Down Payment Resource automated down payment assistance program finder does the research for you and quickly matches you with specific homebuyer assistance programs for which you may be eligible.
With Down Payment Resource, you’ll learn:

Normal 0 MicrosoftInternetExplorer4 The 2015 California Association of REALTORS annual conference took place in Anaheim last week.  As always, the annual market forecast was given, and these are just some of the highlights from over 128 slides used in the presentation by the Association's Chief Economist:

Distressed property owners have not disappeared totally.  A review of the Los Angeles County tax records today for the entire Long Beach area shows 257 residential properties in pre-foreclosure status.  Who's represented?  Property owners in all zip codes and while I didn't make an exact count, adjustab

A basic feature/requirements of 1031 exchanges is that the taxpayer doing the exchange cannot have access to their funds--that's why there's an accommodator, or "qualified intermediary" (QI).  In real estate, 1031 exchanges are allowed where the property owner has not lived in the property as a principal residence, but has owned it usually as some form of income or investment property.

First Team’s Weekly Mortgage Watch (June 1st, 2014) this week highlights the following updates:

While many buyers these days have gained more knowledge about obtaining disclosures when buying a property, they don't always know what to ask for.

What is it like to live in Los Altos Long Beach?

Everyone has heard of "flips". They were often foreclosed houses or condos bought, usually by an investor or some legal entity for the purpose of "fix and sell". 

Picking a real estate agent is a challenge. It is a business and yet very personal relationship and you should make sure you’re getting into a good one.