OC New Home Market Takes a Breather

OC New Home Market Takes a Breather

It appears that the pace of new home sales in Orange County is pulling back from its once rapid pace. With a low supply and strong demand dynamic, homebuilders had been able to push prices over the past couple of years. However, it seems that the builders have now found the price ceiling and are being met with price resistance on the part of buyers. So for now, there seems to be a stalemate between buyers and builders with a thaw that will be dependent on either builders lowering prices or buyers increasing demand.

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Previous Housing Starts Fall in January
Next Easing Mortgage Standards

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Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

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