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.

Read More

Previous Housing Starts Fall in January
Next Easing Mortgage Standards

About author

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.

View all posts by this author →

You might also like

Housing Market

Mortgage Standards Set to Loosen

In what could potentially be a major catalyst for the housing market, new guidelines – meant to provide greater clarity as to when Fannie Mae and Freddie Mac can force

Housing Market

Homebuilder Confidence Reaches 12-Month High

By Kelsi Maree Borland LOS ANGELES—Single-family developers are becoming more optimistic about the home market as a result of loosened regulations from the new administration, GlobeSt.com reports in this EXCLUSIVE

Housing Market 0 Comments

Tight Mortgage Standards Hold Back Bottom End of Housing Market

In what is one of the primary themes running through the current housing market, tight credit standards continue to constrain lower-income buyers from purchasing homes. Compounding the impact of the