New Home Sales on the Wane in the OC
Corelogic recently reported that new home sales in Orange County experienced an unbroken downward streak from November 2014 through September 2015. This downward trend runs counter to what has been happening nationally and in other parts of Southern California. While OC housing bulls might point to a lack of available supply as a reason for lower sales figures, the bears would point to less housing market participation on the part of Chinese buyers and runaway pricing as reasons why sales have dropped to lower levels.
About author
You might also like
Spring Selling Season Starts Off on Right Foot
Although recent existing home sales data has not been that encouraging, new homes sales as reported by the builders would seem to indicate that the spring selling season is off
Housing Starts and Building Permits Exhibit New Found Strength
Total housing starts jumped 20.2% from March to April to hit an annualized pace of 1.14 million with single-family starts jumping by 16.7% to 733,000. Building permits rose 10.1% from
