Found 2 blog entries tagged as Living in Costa Mesa.

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…

382 Views, 0 Comments

Read Full Post

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…

156 Views, 0 Comments

Read Full Post