One of the questions we get asked most often is: How’s the Real Estate market? And we are being asked this question more and more these days with this shifting market. People are scared. The 2008 housing crash is still on our minds. Are we heading toward another housing collapse?
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.
