For homeowners weighing the pros and cons of adding their homes to the Costa Mesa listings, the ‘pros’ are substantial. The steady national rise in home prices indicates a healthy market—one significant “pro.” The latest national existing-home sales price figures confirmed a median rise of 14.6% over the previous year—the 105th consecutive month of price gains across all regions.

Another one of the “pros” is a market where competition is relatively light—something that’s been the situation in America for some time. And when the scarcity of existing homes for sale is combined with what might be the strongest “pro”—bargain-basement home loan interest rates—the positives make a strong case for this being a favorable environment for joining the Costa Mesa listings.

Even so, there is at least one countervailing “con.” The steady rise in home prices may be terrific for sellers, but it also has the effect of limiting the pool of qualified prospective buyers. But now, a federal agency has stepped in with an adjustment that could empower more buyers.

The action came from the Federal Housing Finance Agency via its annual “CLL” adjustment, which came at the stroke of midnight on December 31. The CLL is trade shorthand for the Conforming Loan Limit, the top-dollar amount allowed by Fannie Mae and Freddie Mac to qualify as one of their “conforming” loans—those which the FHA will reinsure. Home loans that conform are easier to get since the risk is backstopped by the government entities. As a result, they usually carry lower interest rates than non-conforming loans (the ‘jumbos’).

The CLL limits differ from one county to another, with high-cost areas pegged at higher levels than baseline regions. Since homeowners who add their properties to the Costa Mesa listings may intend a move out of our area, the CLL in their future neighborhood could have financial repercussions that affect their decision. Here is a link that lists the new CLLs for each county in the 50 states and territories.

If you will be selling or buying (or both) in 2021, early planning paves the way to success—which means that now is a great time to give us a 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





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