Last Week’s Poll Encourages Costa Mesa Homeowners
As the week came to a close last Friday, the duly-respected public pollsters at Rasmussen Reports issued their most recent homeowner sentiment sampling—one that confirmed what many Costa Mesa homeowners had surmised from the snippets of information that’s been echoed around the country: the belief that home values are more than just holding in many areas— supplanting fears of a stall (or reversal). On Sunday, Rasmussen refined their commentary to a straightforward, “Housing Market Confidence Improves.”
The data first arrived in the polling firm’s daily email update, which top-lined a survey of over a thousand U.S. adults. The query compared U.S. homeowners’ “confidence in the resale value of their homes” with their answers to the same question last October. It reflected a rise of 5%. Forty-five percent of those surveyed now think “the value of their home” is likely to rise by next year. Significantly, whereas the October survey showed 22% were worried that the value of their homes would go down, only 16% now believe that. About a third (35%) think it will remain unchanged.
For Costa Mesa homeowners, the shift in national expectations can only help encourage Costa Mesa homeowners. For them, it is a question of whether or not the mindset of many buyers is that it is likely that buying now will be rewarded by continuing strength in the underlying market. If not, fewer buyers would be expected to act, since, when people are convinced that home values are retreating, it discourages them to buy at then-current asking prices. That’s not necessarily true for experienced homeowners who have a longer view—but even so, sellers’ market conditions are more likely when a strong majority believe that current values will either hold or rise. Friday’s news indicates that such sentiment is advancing.
If you are considering joining this spring’s Costa Mesa home sellers, we hope you’ll think of us to become your property’s strongest advocate!
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
