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…

773 Views, 0 Comments

Read Full Post

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…

1004 Views, 0 Comments

Read Full Post

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…

739 Views, 0 Comments

Read Full Post

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…

795 Views, 0 Comments

Read Full Post

 

For those pondering the timetable for selling their Costa Mesa house, last week’s developments may add a couple of plusses into the “sooner” column. There are always pros and cons about listing in the fall versus waiting for the spring and summer market—but last week’s information could tilt toward acting now.

First (and most well-publicized) was the outlook for home loan interest rates…again! The news wasn’t unexpected, but the accompanying commentary added a compelling note. The Fed again lowered their benchmark rate by .25%, which is very likely to keep mortgage rates in the historically low range for homebuyers—but the Fed Governors also made it clear that this is very probably their last action for a good while. As Bankrate.com observed,…

802 Views, 0 Comments

Read Full Post

The L3 Open Houses

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…

759 Views, 0 Comments

Read Full Post

Since Halloween comes around with ‘nary a difference from one year to the next, you’d think that editors eventually would be stumped to come up with a new topic for their writing staffs. This month, Costa Mesa subscribers to the Wall Street Journal’s real estate pages were treated to a creative solution: The Journal simply dug up some scary stories about real estate.

The first was “Home Renovation Horror Stories,” a chilling retelling of just how wrong remodeling attempts can go. These spooky construction nightmares that happened in real life lived up to the premise, starting with readers’ complaints that, rather than the good old days when a kitchen renovation was a huge ordeal, today “just finding qualified workers to do the job is a huge…

1001 Views, 0 Comments

Read Full Post

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…

1244 Views, 0 Comments

Read Full Post

 

 

If you own (or intend to own) your own Costa Mesa house, some portion of your brain is probably attuned to late-breaking housing news. This may ring true for you—particularly if you have ever found yourself suddenly paying attention after hearing a newscaster utter the words “crisis,” “surge,” “slump,” or “rebound” combined with “housing” or “single-family.” If you found yourself hitting the remote’s rewind button to go back and see what the story was, you’re one of Costa Mesa’s homeowners who shares this subconscious alert system.

Costa Mesa real estate professionals have a more active line into real estate scuttlebutt. One of our monitored sources is the NAHB—the National Association of Home Builders. In recent years, the news out of their…

804 Views, 0 Comments

Read Full Post

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…

779 Views, 0 Comments

Read Full Post