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Open House Schedule: 07/22/17 & 07/23/17

July 22, 2017dillonBlog, Open Houses0

Kristen Fowler Group is excited to bring you four unique properties this weekend. We hope you have some time to come take a look. Our sellers are motivated and interest rates are still at all time lows. Do not miss out on your opportunity to secure your dream home today!

Open Saturday 07/22/2017 from 1:00 – 4:00 pm

5364 VIA MORENA, Yorba Linda, CA 92886 (MLS # PW17158689)

(all data current as of 7/21/2017)
Price $1,399,888
Beds 3
Baths 3 baths
Home size 2,403 sq ft
Lot Size 3,049 sqft
Days on Market 17
Status Active
Live on the Water! Extremely Rare DETACHED East Lake Shores Home w/Tasteful Upgrades Throughout - It's Not Just a House ... It's a Lifestyle! Celebrate Life on the Lake in Beautiful Waterfront Backyard Featuring Outdoor Fireplace, Covered Paver Patio & Gazebo, Built-In BBQ w/Granite Bar Top Seating & Extensive Use of Stacked Stone - Backyard Faces East for Morning Sun! Cambridge Model Features Elegant Plantation Shutters, Crown Moldings & Recessed Lighting Thru-Out - Remodeled Granite Kitchen w/White Cabinetry & Stainless Steel Appliances - Handsome Hardwood Flooring - Family Rm w/Built-Ins & Stacked Stone Fireplace - Formal Dining Rm - Spacious Living Rm w/French Doors to Backyard - Master Suite has Walk-In Closet, High Vaulted Ceilings & Private Balcony Deck w/Views of the Water - Updated Master Bath w/Dual Vanity, Jet Tub & Separate Shower - Upstairs are 2 More Bdrms & Updated Bath w/Shower - Convenient Upstairs Laundry Rm - 2-Car Garage w/Built-Ins & Attic Storage - All Newer Dual-Pane Windows & Doors - Water Filtration & Conditioning System - Newer HVAC System - New Water Heater - Enjoy All East Lake Village Amenities: Catch & Release Fishing, Paddle Boarding, Kayaking, Clubhouse, 5 Community Pools, Sports Courts, Gym & Annual Patriotic & Christmas Boat Parades - HOA Dues Also Include Exterior Maintenance of Home, Structural Insurance, Including Earthquake, Basic Cable & Trash Pickup - Calif Distinguished Schools: Fairmont Elmntry, Bernardo Yorba Middle & Esperanza High

Property Type(s): Single Family

Last Updated 7/12/2017 Tract Eastlake Shores (ELSH)
Year Built 1985 Community 85 - Yorba Linda
Garage Spaces 2.0 County Orange
Total Parking n/a

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : , First Team Real Estate

(view all details for MLS #PW17158689)

Open Saturday 07/22/2017 from 1:00 – 4:00 pm

21740 MACKENZIE Avenue, Yorba Linda, CA 92887 (MLS # PW17110530)

(all data current as of 7/21/2017)
Price $1,375,000
Beds 5
Baths 4 baths
Home size 4,000 sq ft
Lot Size 10,018 sqft
Days on Market 66
Status Active
5-Bedroom Stunner with State of the Art Top Chef Kitchen! Located on a Private Single Loaded Street in the Heart of YL with Scenic Views of Hills, Trees & City Lights, Sellers Expanded & Extensively Remodeled Home in 2005 - Approx 4,000 SqFt Floorplan Offers 5 Bdrms + Office/Den, 4 Remodeled Baths & Gorgeous Gourmet Kitchen Featuring ... Custom KraftMaid Cabinetry; Granite Countertops w/Slate Backsplash; Big Center Island w/Bar Top Seating & Veggie Sink; & Top-of-the-Line Stainless Steel Appliances, Including Dual KitchenAid Built-In Refrigs, Micro & Warming Drawer, Bosch Dishwasher, 60in American Range Commercial Flat Griddle w/Hood PLUS 48in Jenn-Air Pro-Style Gas Range & Double Convection Ovens w/Hood - Kitchen Opens to Extra Large Eating Nook w/Fireplace - Family Great Rm w/Built-Ins & Impressive Granite Wet Bar w/Seating - Handsome Slate Flooring & Brand New Carpet Thru-Out - 500-Bottle Temp Controlled Wine Storage - Formal Living & Dining Rm w/Fireplace - Spacious Master Suite w/Walk-In Closet - Master Bath w/Dual Granite Vanities, Jet Tub & Huge Walk-In Shower - Upstairs are 4 More Bdrms, 2 Full Baths & Amazing Laundry Rm w/Sink & 3 Stackable Washer/Dryer Units - Entertaining Potential Continues in Beautiful Backyard ... Sparkling Pebble Tec Pool & Spa w/Water Features & Solar Heating, Built-In BBQ & Covered Patio Space - 3-Car Attached Garage + Potential RV Parking - No Mello Roos Tax/HOA - Calif Distinguished Schools: Travis Ranch Elmntry/Middle & YL High

Property Type(s): Single Family

Last Updated 5/18/2017 Tract Green Hills II (GRH2)
Year Built 1985 Community 85 - Yorba Linda
Garage Spaces 3.0 County Orange
Total Parking n/a

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : , First Team Real Estate

(view all details for MLS #PW17110530)

Open Sunday 07/23/2017 from 1:00 – 4:00 pm

3831 ZAHARIAS, Yorba Linda, CA 92886 (MLS # PW17109442)

(all data current as of 7/21/2017)
Price $1,550,000
Beds 5
Baths 6 baths
Home size 4,000 sq ft
Lot Size 8,276 sqft
Days on Market 69
Status Active
Sweeping Views of City Lights, Disneyland Fireworks & Sunsets from Luxurious Toll Brothers Estate - Prestigious ‘The Masters’ at Vista Del Verde Golf Community - Premium Private Setting Surrounded by Rolling Hills & View of 17th Green at Black Gold Golf Course - Inviting Gated Stacked Stone Front Courtyard Entry - Elegant Plantation Shutters & Crown Moldings Throughout - Spacious Floorplan Offers 5 En-Suite Bedrooms, All with Private Baths, Including a Main Floor Jr Suite - Formal Living Room w/Fireplace & Soaring Cathedral Ceilings - Formal Dining Room with Coffered Ceiling - Gorgeous Gourmet Kitchen Features: Granite Countertops; Cherry Wood Cabinetry; Walk-In Pantry; Center Island with Bar Top Seating; and All Stainless Steel Appliances, Including Built-In Refrig, Double Ovens, Dishwasher, Micro & Gas Cooktop w/Hood - Family Great Room with Fireplace & Handsome Custom Built-Ins with Wine Refrig - Generous Master Suite has Walk-In Closet, Retreat with Romantic Fireplace & Private Covered Viewing Deck Overlooking Orange County - Deluxe Master Bathroom Offers Dual Marble Vanities, Jacuzzi Tub & Large Marble Shower with Seat - Upstairs Laundry Room with Sink - 3-Car Attached Tandem Garage - Central Vacuum System – Pre-Wired for Alarm System - Beautiful Scenic Backyard with Built-In BBQ, Fire Pit & Solid Covered Paver Patio - No Mello Roos Tax - No HOA Dues - California Distinguished Schools: Lakeview Elementary, Yorba Linda Middle & El Dorado High

Property Type(s): Single Family

Last Updated 7/6/2017 Tract Other (OTHR)
Year Built 2009 Community 85 - Yorba Linda
Garage Spaces 3.0 County Orange
Total Parking n/a

Price History

Prior to May 17, '17 $1,598,000
May 17, '17 - Today $1,550,000

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : , First Team Real Estate

(view all details for MLS #PW17109442)

Open Sunday 07/23/2017 from 1:00 – 4:00 pm

4107 PEPPER Avenue, Yorba Linda, CA 92886 (MLS # PW17141079)

(all data current as of 7/21/2017)
Price $928,000
Beds 4
Baths 2 baths
Home size 2,160 sq ft
Lot Size 9,583 sqft
Days on Market 33
Status Active
Upgraded 'Chateau Hills' Home with Private Entertainer's Backyard ... Enjoy True SoCal Outdoor Living & Big Corner Lot Featuring Scenic Rock Waterfall Fountain, Built-In BBQ w/Sink & Bar Top Seating, Covered Patio Space, Grassy Area & Cozy Outdoor Fireplace - Unique 4BD/2BA Floorplan has High Vaulted & Beamed Ceilings Thru-Out - BRAND NEW Beautifully Remodeled Master Bath w/Dual Quartz Vanities, Chandelier Lighting, Soaking Tub & Separate Shower w/Glass Tile Accents - Secondary Bath Also Remodeled w/Dual Quartz Vanities & Tub/Shower w/Frameless Shower Door - All Newer Double & Triple-Pane Vinyl Windows & Sliding Glass Doors - Freshly Painted Exterior - Handsome Hardwood & Travertine Flooring Thru-Out - Updated Kitchen Offers Granite Counters, All Newer Cabinetry, Center Island & Newer Appliances, Including Electric Cooktop/Oven & Stainless Steel Micro & Dishwasher - Formal Living Rm w/Brick Fireplace - Formal Dining Rm - Large Family Great Room - Master Suite has Dual Mirrored Wardrobes & Private Slider to Lovely Backyard - 3 Additional Bdrms, Including Main Floor Bdrm Currently Used as Office/Den - Convenient Inside Laundry Area - 3-Car Attached Garage w/Storage Above - Highly Desirable Neighborhood in YL High School Boundary Surrounded by Multi-Million Dollar Estates - No Mello Roos Tax & No HOA Dues - Fabulous California Distinguished Schools: Fairmont Elmntry, Bernardo Yorba Middle & New YL High

Property Type(s): Single Family

Last Updated 6/21/2017 Tract Chateau Hills (CTHL)
Year Built 1981 Community 85 - Yorba Linda
Garage Spaces 3.0 County Orange
Total Parking n/a

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : , First Team Real Estate

(view all details for MLS #PW17141079)

Open Sunday 07/23/2017 from 1:00 – 4:00 pm

5364 VIA MORENA, Yorba Linda, CA 92886 (MLS # PW17158689)

(all data current as of 7/21/2017)
Price $1,399,888
Beds 3
Baths 3 baths
Home size 2,403 sq ft
Lot Size 3,049 sqft
Days on Market 17
Status Active
Live on the Water! Extremely Rare DETACHED East Lake Shores Home w/Tasteful Upgrades Throughout - It's Not Just a House ... It's a Lifestyle! Celebrate Life on the Lake in Beautiful Waterfront Backyard Featuring Outdoor Fireplace, Covered Paver Patio & Gazebo, Built-In BBQ w/Granite Bar Top Seating & Extensive Use of Stacked Stone - Backyard Faces East for Morning Sun! Cambridge Model Features Elegant Plantation Shutters, Crown Moldings & Recessed Lighting Thru-Out - Remodeled Granite Kitchen w/White Cabinetry & Stainless Steel Appliances - Handsome Hardwood Flooring - Family Rm w/Built-Ins & Stacked Stone Fireplace - Formal Dining Rm - Spacious Living Rm w/French Doors to Backyard - Master Suite has Walk-In Closet, High Vaulted Ceilings & Private Balcony Deck w/Views of the Water - Updated Master Bath w/Dual Vanity, Jet Tub & Separate Shower - Upstairs are 2 More Bdrms & Updated Bath w/Shower - Convenient Upstairs Laundry Rm - 2-Car Garage w/Built-Ins & Attic Storage - All Newer Dual-Pane Windows & Doors - Water Filtration & Conditioning System - Newer HVAC System - New Water Heater - Enjoy All East Lake Village Amenities: Catch & Release Fishing, Paddle Boarding, Kayaking, Clubhouse, 5 Community Pools, Sports Courts, Gym & Annual Patriotic & Christmas Boat Parades - HOA Dues Also Include Exterior Maintenance of Home, Structural Insurance, Including Earthquake, Basic Cable & Trash Pickup - Calif Distinguished Schools: Fairmont Elmntry, Bernardo Yorba Middle & Esperanza High

Property Type(s): Single Family

Last Updated 7/12/2017 Tract Eastlake Shores (ELSH)
Year Built 1985 Community 85 - Yorba Linda
Garage Spaces 2.0 County Orange
Total Parking n/a

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : , First Team Real Estate

(view all details for MLS #PW17158689)

SoCal Home Sales Increase 6.5% in May!

June 22, 2017dillonBlog0

SOUTHERN CALIFORNIA HOME SALES INCREASE 6.5% IN MAY

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.

Weekly Mortgage Update: (06/12/2017)

June 12, 2017dillonBlog0

WEEKLY MORTGAGE WATCH – JUNE 11, 2017

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 analysts will be scouring everything released from the Fed.
  • The big question will be how likely the Fed is to raise rates again.
  • A more dovish outlook from the Fed could actually help pull rates downward, slightly. This could easily be reinforced if any of the big economic reports, including Retail Sales or Industrial Production, come at, or under, expectations.
  • If the Fed surprises the market with no change to its rates, then we could see rates falling even further.

SURVEY SAYS: NOW IS THE TIME TO SELL

According to the latest Home Purchase Sentiment Index from Fannie Mae, 32% of Americans believe that now is a good time to sell their home. This represents the highest level in the seven-year history of this index, and a jump of 6 points over last month. Conversely, and unsurprisingly, the survey saw an 8 point drop to 27% of Americans who believe that now is a good time to buy a home. Interesting, only 40% of respondents believe that home prices will go up.

Summertime June Open House Schedule (06/03/2017 & 06/04/2017)

Kristen Fowler Group will have 5 different properties open this weekend between Saturday and Sunday. From a 3 bedroom single story to a newer construction 2009′ 5 bedroom 5 bath, we are sure to have what you’re looking for! Our team of licensed professionals take pride in what we do. Read our teams most recent reviews today at https://www.zillow.com/profile/nfowlkri/. Have a question or need some advice? Call us today direct @ 714-693-1180. From Buying, Selling, Renting or Leasing our family is here to help!

OPEN HOUSE SATURDAY (06/03/2017) from 1:00 – 4:00 pm

We're sorry, but we couldn't find MLS # pw17094522 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

OPEN HOUSE SATURDAY (06/03/2017) from 1:00 – 4:00 pm

We're sorry, but we couldn't find MLS # pw17064245 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

OPEN HOUSE SATURDAY (06/03/2017) from 1:00 – 4:00 pm

21740 MACKENZIE Avenue, Yorba Linda, CA 92887 (MLS # PW17110530)

(all data current as of 7/21/2017)
Price $1,375,000
Beds 5
Baths 4 baths
Home size 4,000 sq ft
Lot Size 10,018 sqft
Days on Market 66
Status Active
5-Bedroom Stunner with State of the Art Top Chef Kitchen! Located on a Private Single Loaded Street in the Heart of YL with Scenic Views of Hills, Trees & City Lights, Sellers Expanded & Extensively Remodeled Home in 2005 - Approx 4,000 SqFt Floorplan Offers 5 Bdrms + Office/Den, 4 Remodeled Baths & Gorgeous Gourmet Kitchen Featuring ... Custom KraftMaid Cabinetry; Granite Countertops w/Slate Backsplash; Big Center Island w/Bar Top Seating & Veggie Sink; & Top-of-the-Line Stainless Steel Appliances, Including Dual KitchenAid Built-In Refrigs, Micro & Warming Drawer, Bosch Dishwasher, 60in American Range Commercial Flat Griddle w/Hood PLUS 48in Jenn-Air Pro-Style Gas Range & Double Convection Ovens w/Hood - Kitchen Opens to Extra Large Eating Nook w/Fireplace - Family Great Rm w/Built-Ins & Impressive Granite Wet Bar w/Seating - Handsome Slate Flooring & Brand New Carpet Thru-Out - 500-Bottle Temp Controlled Wine Storage - Formal Living & Dining Rm w/Fireplace - Spacious Master Suite w/Walk-In Closet - Master Bath w/Dual Granite Vanities, Jet Tub & Huge Walk-In Shower - Upstairs are 4 More Bdrms, 2 Full Baths & Amazing Laundry Rm w/Sink & 3 Stackable Washer/Dryer Units - Entertaining Potential Continues in Beautiful Backyard ... Sparkling Pebble Tec Pool & Spa w/Water Features & Solar Heating, Built-In BBQ & Covered Patio Space - 3-Car Attached Garage + Potential RV Parking - No Mello Roos Tax/HOA - Calif Distinguished Schools: Travis Ranch Elmntry/Middle & YL High

Property Type(s): Single Family

Last Updated 5/18/2017 Tract Green Hills II (GRH2)
Year Built 1985 Community 85 - Yorba Linda
Garage Spaces 3.0 County Orange
Total Parking n/a

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : , First Team Real Estate

(view all details for MLS #PW17110530)

OPEN HOUSE SUNDAY (06/04/2017) from 1:00 – 4:00 pm

We're sorry, but we couldn't find MLS # pw17122341 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

OPEN HOUSE SUNDAY (06/04/2017) from 1:00 – 4:00 pm

3831 ZAHARIAS, Yorba Linda, CA 92886 (MLS # PW17109442)

(all data current as of 7/21/2017)
Price $1,550,000
Beds 5
Baths 6 baths
Home size 4,000 sq ft
Lot Size 8,276 sqft
Days on Market 69
Status Active
Sweeping Views of City Lights, Disneyland Fireworks & Sunsets from Luxurious Toll Brothers Estate - Prestigious ‘The Masters’ at Vista Del Verde Golf Community - Premium Private Setting Surrounded by Rolling Hills & View of 17th Green at Black Gold Golf Course - Inviting Gated Stacked Stone Front Courtyard Entry - Elegant Plantation Shutters & Crown Moldings Throughout - Spacious Floorplan Offers 5 En-Suite Bedrooms, All with Private Baths, Including a Main Floor Jr Suite - Formal Living Room w/Fireplace & Soaring Cathedral Ceilings - Formal Dining Room with Coffered Ceiling - Gorgeous Gourmet Kitchen Features: Granite Countertops; Cherry Wood Cabinetry; Walk-In Pantry; Center Island with Bar Top Seating; and All Stainless Steel Appliances, Including Built-In Refrig, Double Ovens, Dishwasher, Micro & Gas Cooktop w/Hood - Family Great Room with Fireplace & Handsome Custom Built-Ins with Wine Refrig - Generous Master Suite has Walk-In Closet, Retreat with Romantic Fireplace & Private Covered Viewing Deck Overlooking Orange County - Deluxe Master Bathroom Offers Dual Marble Vanities, Jacuzzi Tub & Large Marble Shower with Seat - Upstairs Laundry Room with Sink - 3-Car Attached Tandem Garage - Central Vacuum System – Pre-Wired for Alarm System - Beautiful Scenic Backyard with Built-In BBQ, Fire Pit & Solid Covered Paver Patio - No Mello Roos Tax - No HOA Dues - California Distinguished Schools: Lakeview Elementary, Yorba Linda Middle & El Dorado High

Property Type(s): Single Family

Last Updated 7/6/2017 Tract Other (OTHR)
Year Built 2009 Community 85 - Yorba Linda
Garage Spaces 3.0 County Orange
Total Parking n/a

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : , First Team Real Estate

(view all details for MLS #PW17109442)

Weekly Mortgage Update (05/01/2017)

May 1, 2017dillonBlog0

WEEKLY MORTGAGE WATCH – APRIL 30, 2017

Posted by First Team Real Estate on Monday, May 1st, 2017 at 11:00am.

Click here to download the PDF.

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 with significant economic data and a Federal Reserve meeting. The Fed is expected to stand pat on rates while letting the market know that two more rate increases are likely.
  • If the policy announcement and after-meeting statements reveal any dovish tendencies, then we could see rates slipping downward.
  • The week ends with employment data and expectations of 180K new jobs for last month. If we get a major shortfall again, then rates will likely begin trending downward.

BELIEVE IT OR NOT, MONEY DOES GROW ON TREES!

According to a study by the US Forest Service, a tree planted in front of a home increases the sales value of the home by $7,130. If boosting the resale value isn’t incentive enough to dig that hole, planting a tree on the west side of a home shaves $25 off the average summertime electric bill and reduces AC usage by 30%. These homeowner savings are in addition to the other benefits of trees, including cleaner air, moderated storm runoff, and reduced of atmospheric CO2.

Open House Schedule (04/30/2017)

April 29, 2017dillonBlog, Open Houses0

The Kristen Fowler Group will have two beautiful properties open this weekend! We hope you can make it out. Our team is committed to providing excellent service to all our clients. Give us a call today with any of your real estate needs (714) 693-1180.

Open Sunday (04/30/2017) from 1:00-4:00pm

We're sorry, but we couldn't find MLS # pw17082884 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Open Sunday (04/30/2017) from 1:00-4:00pm

We're sorry, but we couldn't find MLS # pw17067511 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Weekly Mortgage Watch for 4/16-4/23

April 17, 2017dillonBlog0

Click here to download the PDF.

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 continuing to trend slowly downward again. Any additional drama from outside the United States would put more downward pressure on interest rates across the board.
  • The biggest economic data point due this week is Industrial Production. If it comes in flat or declines, then rates will likely move downward.
  • We’ll also get more insight into the housing market with Starts and Existing Home Sales. Positive news in housing could help rates from falling very much. 

DEED OR SELL THE HOME TO YOUR KIDS?

As retirement approaches, many parents think about giving their home to their children as they move. However, that may not be a great idea, as one could end up facing a large tax bill. Additionally, the child may need to calculate any capital gains based on the original price that one paid for the home. Experts recommend that before deeding one’s home to a relative that one gets sound tax and financial advice to understand what may happen for everyone involved.

UPDATED MORTGAGE WATCH – APRIL 9th, 2017

April 10, 2017dillonBlog0

Click here to download the PDF.

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 of the recovery, but only 98,000 new jobs were created. 
  • Some analysts are beginning to worry about wage-driven inflation, but we really aren’t to a point to get too concerned, yet.
  • The first part of this week may see rates impacted more by politics and market sentiment than any solid economic data.
  • The most important data comes at the end of the week with the CPI and Retail Sales. If Sales falls further than expected and the CPI rises, then rates might begin trending upward.

MILLENNIALS MISINFORMED ON RATES. ARE YOU?

The headlines always seem to be dominated by actions of the Federal Reserve, especially when it comes to the Fed Funds Rate. However, that rate only influences mortgage rates. According to a recent study, 42% of millennials put off a home purchase because of the December rate hike. Since qualifying for a home loan is a multifaceted process, with rates only playing one factor, talking with your mortgage professional before making a decision is a very wise move.

Mortgage Watch: Monday 03/27/2017

March 27, 2017dillonBlog0

WEEKLY MORTGAGE WATCH – MARCH 26, 2017

Posted by First Team Real Estate on Monday, March 27th, 2017 at 10:15am.

Click here to download the PDF.

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

  • As expected, mortgage rates moved downward last week, after the Fed soothed markets by behaving as expected.
  • Housing news continues to show a strengthening market. While Existing Home Sales did contract, the lack of inventory remains the key constraint holding back sales.
  • Builders continue to ramp up production numbers, and New Home Sales reflected this optimism, climbing to almost 600K.
  • The drama surrounding the healthcare bill dominated markets for the last portion of the week. The bill’s postponement created some uncertainty about both the efficiency and speed at which the new administration’s more pro-business agenda can be executed, helping pull rates down a bit more.
  • This week will be dominated by end-of-the-month data including Consumer Confidence, GDP, and PCE numbers.
  • With some indicators pointing to a slowing of growth in March, any weaker-than expected readings from this week’s data may create an environment for rates to keep moving downward.
  • With home prices up and spring buying beginning, more rate relief may be welcome.

RENTERS NOW DOMINATING THE BIG METROS

Even though it is now cheaper to own a home in most of the US, renters now make up more than half of the population in 53 of the largest 100 US metro areas, according to Census Bureau data. With statistics pointing to a continuation of this trend through at least 2030, now may be a great time to invest in rental properties.

Which Yard Investments Yield the Most?

March 22, 2017dillonBlog0

Those looking to sell their homes may be concerned about home layout, number of bedrooms, renovated kitchens and even paint colors. However, research has shown that without the right appearance outdoors, many potential buyers will not even bother to look inside the home or will write off an otherwise amazing house.

For example, in the 2016 Remodeling Impact report from the National Association of REALTORS®, researchers found that nearly 100% of agents working with buyers believe curb appeal is important to potential buyers. A similar survey showed that sellers who invest in landscaping can make a 215% return on their investment in a neighborhood with other well-landscaped homes. Here are the top yard improvements and investments that can speed up the selling process.

STANDARD LAWN CARE PROGRAM

1811 Pine Street, Huntington Beach

75% of REALTORS® suggest that sellers do a standard lawn care program before placing their house on the market, and 14% said the project most recently helped clinch a deal for them and close the sale. With an estimated cost of $330, and an estimated recovered cost of $1,000 during your home sale, it’s a no brainer.

PLANTS NATIVE TO THE AREA

43 Beach View Avenue, Dana Point

Landscaping by using well-placed shrubs and flowers can help buyers notice the home and form an immediate favorable impression. Sellers should ensure that the landscaping draws the eye to the front door and should choose evergreen plants for foundational coverage to keep curb appeal no matter what season it is. Buyers are increasingly seeing the value in native plants, which often need very little maintenance, such as fertilizing or watering.

Buyers love the idea that they will be able to save time and money yet will have gorgeous landscaping. This is also vital for choosing a grass seed that is native to the area. In fact, some sellers who have specialized native plants in their backyards can seek a certification from the National Wildlife Federation, which can be a huge boon to buyers.

SWIMMING POOLS

4125 Calle Isabella, San Clemente

While building a pool immediately before selling is certainly not an investment worth making, homes that already have pools may benefit from a quicker sale. Pools are popular in SoCal because of our warm climate all year long, so they make a great long-term investment for homeowners.

In addition, having a unique shape or design to the pool can help attract buyers. And of course, keeping the pool perfectly maintained. If you want to enjoy your yard now and invest in the value of your home, perhaps it would be worth your time to work with a swimming pool builder this summer.

OUTDOOR LIGHTING

606 Kings Place, Newport Beach

Many people buy their homes not only for entertaining guests inside, but also out. While this is reason enough to put in some solar or wired lighting throughout the front and back yards, outdoor lighting comes with numerous other benefits that are perfect for buyers. Outdoor lighting keeps a home safer by illuminating walkways and deterring burglars. In addition, it adds beauty to the yard by shedding light on specific features, such as large trees or beautiful home architecture. Finally, soft lighting around a backyard deck or pergola can create a welcoming environment in the evening.

Not all landscaping features produce high returns for your investments, but the right ones will. Stick to the proven curb appeal tips of standard lawn care and native plants, and you will see a payoff.

  • Phone

    714-693-1180
  • Email

    KriFowler@aol.com
  • Address

    18180 Yorba Linda Blvd.
    Suite #501
    Yorba Linda, CA 92886
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