Future Costa Mesa Home Sales May Defy Assumptions
Posted by Matt Kanoudi on
Many Costa Mesa homeowners will be planning to list their properties this spring because it’s when future home sales would be expected to peak. Historically, at least, spring is when a sudden crush of prospects usually arrive on the scene. But this year, the upward drift in mortgage interest rates might have would-be sellers worried. After all, it’s common sense that any rise in home loan rates would put a damper on buyers’ enthusiasm.
Sometimes common sense and reality don’t go hand in hand. When we try to estimate the strength of Costa Mesa’s future home sales, it could be a case in point. That’s one way to look at the conclusions drawn by a pair of studies released last week. Both were focused on examining how rising interest rates are…
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