Earlier this month, Utah’s Deseret News did a stellar job of capturing the seemingly contradictory jumble of signals emanating from the nation’s housing market. At first, K. McKellar’s commentary seemed to be about a 9% drop in Zillow’s stock price. Costa Mesa housing market observers might have leaped to a conclusion that such a falloff might have clear local implications—but that wasn’t the case. Rather than being due to any steep dive in activity, it was chalked up to “uncertainty” in the company forecast.

Like all investors, housing market investors don’t like uncertainty. Sometimes it reflects internal management strife—although that wasn’t the case in this instance. It was the contradictory signals from the market that made any forecast almost have to be ‘uncertain.’

Quotes from the article:

“Buyers continue to outnumber sellers.”

  • But “price drops are becoming more common.”
  • Yet even so, “most homes are still selling above asking price.”

“Homebuyers continue to be squeezed in nearly every way possible.”

  • Yet “sellers are pulling back even faster than buyers.”
  • Even though “homes are still selling in record time.”

“The number of home sellers who dropped their asking price shot up to a six-month high of 15%.”

  • But “the U.S. housing market continues to see record home prices.”
  • And “the typical home flies off the market at the fastest pace on record.”

The Zillow stock drop may have reflected an expectation for softer revenues, but it was also “clear” that “people still have a strong interest in moving.” In sum, anyone looking to the national picture to provide additional clarity for our own Costa Mesa housing market can choose to see a glass half full or a glass half empty—both are evident. For a detailed report focusing on the area of Costa Mesa’s housing market that interests you, call anytime—there’s never any obligation!

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



The L3, L3 Real Estate, Costa Mesa Real Estate, Huntington Beach Real Estate, The Best Real Estate Company in Costa Mesa, The Best Real Estate Company in Huntington Beach, What is the best real estate company in Costa Mesa, What is the best real estate company in Huntington beach, Costa Mesa, Huntington Beach



Posted by Matt Kanoudi on
Email Send a link to post via Email

Leave A Comment

e.g. yourwebsitename.com
Please note that your email address is kept private upon posting.