Found 2 blog entries tagged as costa mesa rentals.

Costa Mesa's still the place to be, but national trends are throwing a little dance party for our local market. Let's break down what's shaking, without making your head spin.

Interest Rates & Affordability:
  • Yep, interest rates are doing their best impression of a rocket ship. This means your monthly mortgage might feel like it's doing the cha-cha with your bank account. Get pre-approved and maybe consider skipping that extra avocado toast...just kidding (mostly).
  • Thankfully, we are seeing pricing cool down a bit, and less of those crazy bidding wars that felt like a reality TV show.
Investor Confidence:
  • Costa Mesa's still a solid investment, especially with renters lining up like it's a new ride at Disneyland. Long-term…

154 Views, 0 Comments

Read Full Post

Costa Mesa landlords who have already profited from the national tilt toward rental investment will have been furthered by last month’s Zillow report on the growth of rents across the nation. They might be including apartment housing in their data, but in any case, rent revenue is accelerating.  

Landlords had to be pleased everywhere else. Rents were up in every one of the nation’s top 50 markets—except for the unlucky Wisconsin metro. The solid 3% year-over-year growth figure meant that rent proceeds have been rising the fastest since early in 2016. The national averages for the preceding years were lower for a number of reasons. Key among them was that the new rental properties were largely built for the higher quality market. The result was a…

1074 Views, 0 Comments

Read Full Post