Chapman University data, countering conventional wisdom, suggests a healthy housing market in OC.
The school’s A. Gary Anderson Center for Economic Research mid-year economic update showed sufficient current production levels of about 10,000 units a year. The county’s median home price of $733,000, compared to $322,000 in the U.S. overall, was said to be largely due to OC’s relatively higher income and amenities, and its desirable location.
President Emeritus James Doti and Anderson Center Director Raymond Sfeir presented the data June 19.
For more Chapman forecast news, see the July 8 print edition of the Business Journal.