CA: Orange County Real Estate Still Sliding

Orange County, California Real EstateHome prices in Orange County will fall about 4 percent next year, Chapman University economists said Thursday, and will not recover any time soon.

The housing market is being buffeted by “countervailing forces” of supply and demand, said Esmael Adibi, director of the Anderson Center for Economic Research at Chapman.

“We’re not building many new homes, which is good news in terms of home prices, but we’re still dealing with a large supply of distressed properties,” Adibi said.

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