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.
About author
You might also like
Lots: Builder’s Two Big Questions in 2017
Two difficult questions confront home builders and residential developers amid the uncertainty of the moment, and we’ve been hearing them in the aisles and off the floor during the home
Los Angeles Home Market Hitting High Notes But Tempo Slowing
By Edward Fitz “Don’t Worry, Be Happy . . . ” Bobby McFerrin wrote and sang those rosy words, and created a No. 1 hit in 1988. And those same
This Forecast isn’t Pretty for Southern California Home Prices
While many housing forecasts call for moderate price gains in 2017, an outlook from Clear Capital may be one of the most circumspect on the prospects for Southern California real
