Found 2 blog entries tagged as Housing Market Trends.

WE ARE HALFWAY THROUGH 2025!

Dear Mesa Verde Neighbors,

Another 6 months have passed since my last neighborhood update, and it feels like so much has happened in such a short amount of time! Mesa Verde continues to be the hottest place to buy in Costa Mesa with Eastside Costa Mesa being the only comparable demand. I vehemently believe (with an incredible amount of bias) that our area is beyond anything Eastside Costa Mesa could ever hope to be. There is not one tract in the city with the sense of community we have let alone with an incredible country club located at its epicenter…and we do not have airplanes flying overhead every five minutes!

2025 has been wild thus far for varying reasons. Whether it be political, economical, or societal, we…

83 Views, 0 Comments

Read Full Post

The sun-kissed shores of Costa Mesa and Huntington Beach have long been synonymous with desirable real estate. However, in the current market, we're observing a trend: homes are taking a bit longer to sell. What's behind this shift? Let's delve into the key factors influencing our local market.

Factors Contributing to Longer Market Times:
Interest Rate Impact:
  • Fluctuations in mortgage interest rates significantly impact buyer affordability. When rates rise, potential buyers may reduce their budgets or delay their home search. This directly affects the speed at which homes sell.
  • In areas like Costa Mesa and Huntington Beach, where property values are relatively high, even small interest rate increases can have a substantial effect on…

381 Views, 0 Comments

Read Full Post