ORANGE COUNTY REAL ESTATE

2020 FORECAST - OC HOUSING REPORT

Dated: 01/29/2020

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A 2020 FORECAST

1/6/2020

HAPPY NEW YEAR!!! Now, what does that mean for Orange County real estate? First, let’s look back at what happened in 2019 in terms of the inventory, demand, luxury properties, and Expected Market Time. Don’t miss the 2020 Forecast after the 2019 recap.

 Active Inventory: After starting the year with the highest number of homes on the market since 2012, the active inventory plunged after peaking in July.

The year started with an active inventory of 5,829 homes, the highest level to begin a year since 2012. The 7,900 homes start to 2012 may have been initially high, but it continuously dropped throughout the year as the housing market had just began its recovery from the depths of ... continue reading

THE 2020 FORECAST : A STRONGER YEAR.

Despite the tremendous focus on the “trade war,” the international slowdown, impeachment, Brexit, and stock market volatility, the U.S. economy was strong throughout 2019. Unemployment reached 50-year lows. The GDP was up considerably more than many forecasted. Long-term interest rates dropped from 4.5% to 3.5% before climbing slightly to ... continue reading

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Kevin Comisky

Since day one of entering the real estate field I have loved and embraced understanding what my clients current or future home means to them. Being in the industry for over six years I have worked and....

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