Monday’s Equinox Ends Summer—but the Fed Signals Heat
For astronomers and TV weather forecasters, this Monday marked a red-letter day. It now seems as if the same could be said for Costa Mesa’s market prospects.
In the wee hours, the Sun arrived at one of the two places in every year where its path across the sky crosses the celestial equator (the imaginary line above Earth’s equator). Of course, for Costa Mesa residents, the reality is that it’s pretty much a non-event. Weather-wise, the equinox is an abstraction. The change of seasons creeps slowly, day-by-day, Monday being no exception.
Still, at Tuesday’s dawn, the last day of Costa Mesa’s summer has passed. Whether you call it ‘autumn,’ ‘fall,’ ‘Indian Summer,’ or anything else, the new season is upon us.
And in Costa Mesa real estate terms, it brings new reason to suspect that this fall could be a busy one. One indicator came last week, as Reuters noted that U.S. home sales “unexpectedly rose to a 17-month high” in August.
More directly, last week’s second straight cut in the fed funds interest rate augurs well for Costa Mesa sellers and buyers alike. With lower Costa Mesa mortgage rates “continuing to encourage buyers off the sidelines” (Reuters), it wouldn’t be surprising if the market continues to heat up. Despite the Sun’s ducking down past the Equator, it looks to be a propitious time to buy or sell Costa Mesa homes. That makes it an equally propitious time to give me a call!
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 has The L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to The L3 and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact The L3 today at 714-444-4663 or email us at info@thel3.com
