With U.S. home prices at record levels, it’s reasonable to speculate about the future of Costa Mesa real estate—particularly whether it’s such a good idea to buy right now. Most everyone recalls the last time real estate prices set records—and the drop-off that followed.
Once the U.S. market hit bottom, even though history teaches that it was an ideal time to buy, most regular consumers didn’t even want to think about anything connected with real estate. That, of course, was when the big corporate players (aka, the ‘smart money’) moved in to buy up distressed residential properties by the thousands. It’s a familiar story.
The future of Costa Mesa real estate prices is always a mystery, but lately there have been more than a few signs that should quiet some nerves. Some of the ‘smart money’ seems to be ‘talking’…
- Smart money moves. For those who track the largest corporate players—the ones with access to the best information and expertise—the signs are clear. Last Tuesday, the Blackstone Group agreed to buy HPA, a hefty enterprise that owns and rents 17,000 single-family residences. Blackstone had quit that market in 2019—but just two years later tiptoed back in with a $240 million investment. Last week’s decision “shows that the investment firm is turning even more bullish on U.S. housing,” according to the Wall Street Journal. That’s an understatement: Blackstone’s HPA acquisition cost $6 billion!
- Join the Club. An expanding roster of Wall Street powerhouses has duplicated Blackstone’s decision. Reuters cited one key motivating factor: “continued demand for bigger homes from people working remotely….”
- Long-term, why worry? Perhaps the most supportive fact is the one that’s been true for millennia: real estate has perennially been regarded as the epitome of substantial long-term investments. For homebuyers who have no intention of selling in the near- or middle-term (or ever), the ups and downs of transitory valuations can be simply ignored. For the majority of homeowners who continued blissfully untouched by the century’s first two tumultuous decades, their investment has again proved safe and sound. And should they eventually choose to sell at a profit, the tax benefits are unparalleled.
Today’s Costa Mesa home values are sustained by strong demand aided by low home loan interest rates. Call us to discuss the attractive Costa Mesa offerings that are out there right now!
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 firstname.lastname@example.org
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