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All Blog Entries by Larry Weichman

Found 245 blog entries published by Larry Weichman.

Open House Weekend!

We are built on a philosophy of Heritage & Hustle. The L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976.  It’s L3 mission is to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. The L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, The L3 has grown to a full staff of 25 serving over 300 clients a year. The L3 is not limited to serving just its clients; it is also committed to serving the community. Not only

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The National Association of Realtors® is a sunny organization whose pronouncements can be relied upon to promote (you guessed it) real estate. Like any gigantic organization (we have more than a million dues-paying members), the NAR tends to be cautious in its public pronouncements. But in last Wednesday’s article about the course of residential real estate in 2020, Costa Mesa readers would have found the kind of sweeping statement that makes people think twice. “Is that really so?” “If that’s true, what then?”

The statement was this: the decade just past “has been the most consequential stretch in American real estate history…one that fundamentally altered the landscape.”

Quite a pronouncement.

There followed a quick summary of the

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Open House in Costa Mesa

We are built on a philosophy of Heritage & Hustle. The L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976.  It’s L3 mission is to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. The L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, The L3 has grown to a full staff of 25 serving over 300 clients a year. The L3 is not limited to serving just its clients; it is also committed to serving the community. Not only

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Costa Mesa’s Sunday was officially called “Sofa Sunday”—possibly in recognition of its service as a welcome interlude between Black Friday sales, Small Business Saturday sales, and Cyber Monday sales. Football games on TV also drove many Thanksgiving celebrants to the sofas, where early pregame news flashes projected Sunday as “the busiest travel day” in history. By midday, it turned out that local viewers would have started to doubt those predictions.

The obstacle was the California storms that had been drenching the West Coast. By Sunday, they were well on their way East, shredding Midwest and East Coast airline travel schedules. For the majority of Costa Mesa travelers who’d avoided the airports, holiday highway traffic at least gave them a

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Thanksgiving Feast!

 

For most Costa Mesa residents, the account of the first Thanksgiving is the Plymouth Colony story rather than the French or Spanish versions (their giving thanks celebrations started a century earlier). But since the Pilgrims’ first Thanksgiving took place in September—and the second official U.S. Thanksgiving took place in February—you might wonder why this week’s Costa Mesa Thanksgiving wound up being celebrated on this particular Thursday in November. Coming up with the answer is less than simple…

Starting with that first Plymouth Colony feast, for the 50% of the Pilgrims who survived the first winter below the creaking decks of the Mayflower, there certainly was ample reason to be grateful. By their second October in the New World, they

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Open House Weekend!

Open House Weekend

We are built on a philosophy of Heritage & Hustle. The L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976.  It’s L3 mission is to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. The L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, The L3 has grown to a full staff of 25 serving over 300 clients a year. The L3 is not limited to serving just its clients; it is also committed to serving the community. Not

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Predictions for 2020

 

Now that we’re almost to Thanksgiving, we find ourselves at the traditional moment when real estate’s soothsayers dust off their crystal balls and get busy. In the coming weeks, they will go to press with their projections, informed guesses, and unbridled hunches about how real estate will fare in the coming year.

Everyone contemplating Costa Mesa real estate transactions in 2020 will be affected to some degree by shifts in the national disposition, so it’s always worth keeping an ear open to the experts’ conversations—their projections do influence what actually comes to pass (even if they’re ultimately off-target).

Last Friday’s Forbes release led the pack this year with Senior Contributor Aly Yale’s roundup of six opinions from

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The L3 Real Estate Open House Events

We are built on a philosophy of Heritage & Hustle. The L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976.  It’s L3 mission is to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. The L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, The L3 has grown to a full staff of 25 serving over 300 clients a year. The L3 is not limited to serving just its clients; it is also committed to serving the community. Not only

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There are many ways to look at housing affordability in Costa Mesa—but if you’re a typical prospective homebuyer, the one that makes a real difference isn’t found in the real estate statistics.  The truly decisive “affordability” factor is the dollar amount of the mortgage payment that goes with the price of the home. It’s either affordable or it isn’t.

It's a well-publicized fact that U.S. home prices have risen dramatically since the end of the Great Recession. That would seem to mean that average housing affordability over that period has been in decline—especially early in the recovery when incomes were rising slowly (if at all). Since then, many commentaries have pointed out a “housing affordability gap” that (along with a shortage of homes

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