CSUF Predicts 20% Drop in Orange County Real Estate Prices

Orange County real estate prices could drop by as much as 20% in next two years according to Cal State Fullerton researchers report released yesterday (which was also reported in the Orange County Register)

"There's no question (Orange County home prices) are going to come down" by 10 to 20 percent according toAnil Puri, the co-directory of CSUF's Institute for Economic and environmental Studies.

Orange county real estate prices have doubled in the last four years, partly due to low mortgage rates so a home price decline of 20 percent would take homeowners back to Spring 2003, although this won't make recent home buyers happy or long term homeowners who remember Orange County in the 1990's.

The news along with recent news of Orange County real estate listing inventory rapidly building and the lowest sales volume in 8 years may mean some trouble ahead... or it's simply due to mortgage rates increasing over the summer.

Search Orange County Real Estate Listing from the MLS, FSBO's and Orange County Foreclosures.

Thanks for Reading.
Jessie J. Beaudoin