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Orange County Is the Second Most Overvalued Housing Market in America. That Number Means Something Different Than You Think.
Orange County home prices sit about 35% above what local income, employment, and rent trends would predict, ranking it the second most overvalued U.S. housing market. That figure measures deviation from historical fundamentals, not a price forecast. Orange County inventory is rising and affordability is tight, but low foreclosure activity and thin supply continue supporting values.
