Costa Mesa real estate activity may not necessarily reflect national trends, but anytime U.S. news media pick up on an interesting storyline that includes the phrase “home sales” (either “existing” or “new”), that can have an effect on how future Costa Mesa buyers and sellers approach their own plans. Last week there was one of those stories.
It followed the release of December’s home sales numbers, which declined by 6.4%. This was truly an unusually large decline—though hardly the “plunge” that “Stuns Real Estate Agents” (the Newsmax headline).
CNBC, which usually offers a more steady-as-she-goes viewpoint in its Realty Check column, also reported that the drop in home sales “has real estate agents baffled.” They thought the agents’
Costa Mesa ears that were attuned to some of the nation’s commentators might have heard that last year’s gradual slowdown in residential sales might signal a dawning “buyer’s market.” That may be true or not, but as for its impact on your own home-buying plans, there are a couple of realities to bear in mind.
First is that any shift from seller’s to buyer’s market is at best barely discernable. Its basis would be determined by national averages, where a slowdown in residential closings is usually taken to mean that sellers are having a hard time finding customers. That wouldn’t fully take into account the effect that tight inventories might have. When fewer sellers are willing to put their own Costa Mesa homes on the market for whatever reason,
Last Friday was the final day for the Las Vegas mega-trade exposition: the annual Consumer Electronics Show. Forward-thinking Costa Mesa homeowners have learned to keep an eye on the CES because the public debuts of new appliances, gadgets, apps, and devices that take place there often wind up influencing Costa Mesa real estate. Sometimes, in major ways.
Past examples are numerous. Not too long ago, giant screen TVs were oddities—but today it’s unusual to find a single Costa Mesa house for sale that doesn’t have at least one room configured to suggest an inviting big screen entertainment area. CES is where the latest television advances showed up first—and America bought into big screen in a big way.
The L3 is proud to introduce its newest team member: Frank Villani! Frank is an exceptional Realtor and couldn't be more excited to join our growing family. We are honored to welcome such talent and personality and we look forward to being part of his continued success.
Last week ended with a quadruple-barreled blast of good news that bolstered prospects for Costa Mesa real estate—an effect magnified by how unexpected all had been.
When times are good, Costa Mesa real estate can’t help but benefit. That may seem to be so obvious that it doesn’t even need to be said, but a close cousin is arguably even more important: When people feel times are good, Costa Mesa real estate benefits.
Friday’s positives were magnified by the contrast with what had been reported in earlier days. Although the holiday-shortened week had seen evidence of strong holiday sales, that was dampened by a grab-bag of alarming developments: government shutdown; China trade standoff; Apple sales losses... This meant that Friday’s raft of