For generations of Americans, owning their own family home has been the single most defining element of The American Dream. For obvious commercial reasons, the National Association of Realtors® must certainly be counted among the leading proponents of the validity of that ambition. The Sun rises in the east, also.

So it was startling to find last week’s “Trends” section headed by a lead article with this headline:

Forget the Traditional ‘House’-Everybody Wants These Types of Homes Right Now

“Forget the traditional ‘House” ???? Realtors (of all people!) telling everybody to forget the traditional house? As single-family home prices continue to rise, it may be a fact that an increasing number of buyers are finding themselves all but priced out of the market. But still—it sounds as if their long-time promoters-in-chief are throwing in the towel on the traditional home (and on the American Dream).

Not so.

Those Costa Mesa readers who overcame their shock long enough to read on learned that the gist of the article held a couple of surprises. Based on an extensive analysis of national data from this past April, in brief:

Condos, co-ops, and townhomes currently have a higher median price tag than single-family homes.

Mobile and manufactured homes appreciate faster, year-over-year, than any category of housing. Their values shot up 30.4% in April.

Yet inexpensive condos and townhomes are out there in the national market that “allow cash-strapped first-time buyers to take the leap in homeownership.”

The apparent contradiction in the prices of condos, co-ops, and townhomes having higher median price tags at the same time that first-timers still manage to buy is explained by a distortion wrought by big city examples like Miami Beach, Aspen, and Manhattan. There, “they’ve become the hottest thing in real estate”—creating islands of ballooning prices. Around the rest of the country, single-family homes still appreciate faster than nearby condos within the same county.

One footnote is also worth noting: mobile homes are, for the most part, misnamed. They tend to remain in one location, are expensive to move, and can be easily damaged when called upon to live up to their name. In short, “they aren’t all that mobile.” Still, in April—how about that appreciation?

If it’s your turn to examine all the many options open to this July’s Costa Mesa buyers, we hope you’ll give us an early 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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