Last Week’s Events Affecting Costa Mesa Home Sellers

In addition to last week’s earthshaking mortgage interest rate developments, a batch of other events that also could affect Costa Mesa home sellers made news:

• Costa Mesa home sellers who’ve been hearing that millennials constitute the next wave of prospective buyers might have been momentarily discouraged by CoreLogic’s new report, which included the dire-sounding, “only 40% of millennials feel financially confident enough to purchase a home.” (Those who know that there are 71,000,000 millennials would have fretted less).
• On the other hand, CoreLogic also informed Costa Mesa home sellers of their projection that the U.S. residential price index will rise 5.4% by January 2021. This January marked the 8th consecutive year that prices rose in the U.S.
• Last Friday, Freddie Mac’s chief economist put a number to the undersupply of American housing: 3,300,000 units. The reason continues to be outfall from the housing crash of a decade ago, which wiped out many homebuilding companies. For Costa Mesa home sellers, it’s part of why the prices for their properties are expected to continue to rise.
• An email ad for a security software company cited the FBI finding that the “average loss from a home break-in is $2,316.” Homeowners who have experienced a break-in know that the emotional toll can amplify the cost. That’s why Costa Mesa home sellers who have installed modern security systems are well served by being able to promote that feature prominently.

If you are thinking that this spring is shaping up as a prime season to list your own Costa Mesa home, you aren’t alone. Call Us!

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