First-time homebuyers who have put their searches on hold are undoubtedly pleased to hear that increasing numbers of U.S. homes are going up for sale—an encouraging sign that could bring some Costa Mesa buyers back into the hunt. The gains in inventory aren’t the only reasons buyers are revisiting the Costa Mesa listings:
- The consensus has it that mortgage interest rates are most likely to continue to rise, rewarding those who lock in home loans sooner rather than later.
- As long as inflation levels continue to rise, home prices are expected to do the same. Per realtor.com, “The Fed is now hellbent on taming prices by hiking interest rates”—with a predictable effect on home loan offers.
- This time of year traditionally sees a lull in competition—and fewer buyers make sellers more open to concessions. Springtime is usually when the mob arrives.
- Although many otherwise-qualified first-timers have been sidelined by the onslaught of challenging financial factors, nimble buyers willing to compromise on fixer-uppers or properties located outside their first-choice neighborhoods may still become homeowners before the opportunity dwindles further.
If it seems as if those reasons are iffy, it’s another reflection of the ever-present fact that the future is always unknowable (in the short term, at least). There may be grounds to hope better deals will be possible in the future, but at present, few claim that prospect is anything like a certainty. The bottom line remains: if you can find a home you’d be delighted to own at a price that doesn’t dangerously stretch your budget, it’s worth seriously considering. The IRS’s April 15 reminder of the very real costs of not owning is only one of the reasons!
Call us to discuss the latest array of offerings currently present on the Costa Mesa listings. You’ll be a more experienced shopper for having familiarized yourself with the changing Costa Mesa market—and be better prepared to move decisively when the right opportunity appears!
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
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