Over the weekend yahoo!finance offered an interview that gave Costa Mesa real estate optimists some of the most positive opinions they’ve heard in a while. The source was an onscreen interview with TV’s Barbara Corcoran, a permanent celebrity panelist on the perennial hit series. Yahoo’s headline story provided the simple encouraging prediction: “Housing Prices are Going to Go Through the Roof.”

That view came from a well-respected source. Corcoran, herself a real estate entrepreneur as well as a Shark Tank regular, believes there “will be a major swing in the real estate market as soon as interest rates drop.” Her prediction that “All hell’s going to break loose and prices are going to go through the roof” was backed up with specifics. She expects buyers to come back out “and buy like crazy”—with house prices [likely to] go up 20%”

Among other ideas, she pooh-poohed fears that a major housing market crash might be in the cards. Unlike the leadup to the last market dip, “people aren’t overleveraged.” She pointed to evidence that people have now invested their own hard-earned money in their properties—a situation completely different from the previous subprime mortgage runup. Corcoran’s predictions were not altogether optimistic, however. She pointed to weakness in the commercial real estate market, where she sees the inevitability of “a bit of a bloodbath” before improvement will be possible.

Costa Mesa real estate observers have been hearing considerably more guarded outlooks from industry analysts, so the upbeat take might well have lightened the mood in many a Labor Day cookout. If you were able to enjoy a fine Labor Day weekend, we hope it kicks off a fall season to remember. Also worth remembering: whenever it’s time to put our Costa Mesa real estate expertise at your disposal, just call!

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 info@thel3.com



Posted by Matt Kanoudi on
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