Last week there came this snippet from a radio commentary: “No matter how business is doing, the landlord business is doing just fine.”

Especially in the context of last week’s nerve-rattling tumult on Wall Street, that remark seemed particularly relevant—especially for investors newly motivated to investigate the upside of Costa Mesa residential investments.

There is one national statistic that unambiguously points in a positive direction—one that current landlords from coast to coast should find comforting. The indicator in question is the Moving Rate—and it’s signaling stability.

In the common vocabulary of commercial business, the Moving Rate describes the “customer base” for the “product” that residential investors produce. It is the…

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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 real estate’s high energy busy season may already be underway, but the beginning of March is often tagged as its official opening. That means that this year it will be delayed by the once-in-every-fourth-year event—the Leap Day on Saturday, Feb. 29th. Fortunately, it won’t trigger riots in the streets (as there were in 1582), nor will there need to be another “Year of Confusion” (as when Julius Caesar got involved).

This week, Costa Mesa elementary school pupils will be introduced to “leap years” and “leap days.”  They’ll be told that it takes a quarter of a day longer than 365 days for the Earth to make one revolution around the Sun, so the calendar needs a little tinkering to set things right. So Saturday will be Catchup Day.

The…

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Featured Listing in Laguna Niguel

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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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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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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    As the traditionally fast-moving spring real estate market nears, Costa Mesa sellers who will be listing soon have multiple grounds for optimism—with the scarcity of available properties being the most widely publicized. Now it appears that the long-standing national shortage isn’t just continuing: it’s widening.

    According to the latest quarterly report from the National Association of Realtors®, buyers in nine out of ten markets they tracked could find 8.5% fewer homes for sale than had been available just one year before. That was in addition to the host of sunny economic conditions (a “soaring stock market, good economy, and low interest rates”) that were further motivating prospective homebuyers. If the number of local listings echoes…

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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 home loan picture has presented buyers with rarely seen benefits for quite a while—but last week, the picture brightened even further. That isn’t to say that Costa Mesa mortgage rate quotes matched all-time lows—but they were coming pretty close.

    Across the U.S., the numbers quieted even the most pessimistic observers. What it will mean as Costa Mesa enters the traditional peak home sales months is something we will have to wait to see. But if the likelihood for a surge in nationwide activity is any indicator, last week saw green lights flashing. A sampling of what was being hailed from virtually all quarters:

    The Wall Street Journal: “Falling Rates Could Boost Mortgages Ahead of Spring Selling Season.”

   …

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