OC Leads Southern California in Housing Market Health
Among the six Southern California counties, Orange County seems to be in the lead in overall housing market health. The median price of a home in the county was at $600,000 in April – an increase of 4.2% from a year ago. Sales velocity is also on a strong uptrend, and underpinning the housing market strength is a low unemployment rate of 4.4%.
About author
You might also like
L.A. City Council approves development fee to raise money for affordable housing
The Los Angeles City Council voted Wednesday to impose a new fee on development to raise millions of dollars a year for affordable housing as the city copes with rising rents and surging homelessness.
A Housing Pullback In 2017?
According to data compiled by the Federal Reserve Bank of New York, the 10-year term premium moved above zero for the first time in 10 months on the 14th of
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