California News

Orange County Home Sales Slump To Slowest Pace In 8 Years

Orange County Register-

Homebuying in Newport Beach, Laguna Beach and Costa Mesa fell 12% as Orange County sales slumped to the slowest pace in eight years.

CoreLogic homebuying stats show 2019’s first six months were Orange County’s slowest-selling first half since 2011, just after the Great Recession ended. House hunters’ resistance to buy was certainly key to the countywide median selling price running flat over the year. Falling mortgage rates could not override slipping consumer confidence and a cooling California economy.

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