Mission Viejo and All Orange County Home Prices Match the National Trend – Mission Viejo Real Estate

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Mission Viejo and All Orange County Home Prices Match the National Trend – Mission Viejo Real Estate

It’s been a pretty wild ride for Orange County home prices. A massive surge upward was followed by a rapid descent. A modest recovery, then, turned into another dip. But would it surprise you to know that – by one calculation – Orange County’s housing gyrations were pretty similar to national trends? CoreLogic recently put out a report tracking the home-price trends in 45 major U.S. markets since 2005. We put CoreLogic’s month-by-month results into our trusty spreadsheet and learned some intriguing things: We decided to calculate “standard deviation” – measuring how far a string of data swings away from its average. Translation: a volatility gauge. Orange County’s home-price roller coaster since 2005 – by this measure – looks pretty typical as local standard deviation of year-over-year price change – by month – since 2005 was 11.66 percent.

Everyone is watching the Orange County Real Estate market for signs of…. something – right? Will home prices in Mission Viejo drop another 5% this year? Have prices in Coto de Caza stabilized? Bu the looks of this blog from the Orange County Register’s tireless Real Estate reporter Jon Lansner the data shows that the Orange County home prices have trended right along with 44 other major cities across the country. In addition to our struggling economy, the two biggest factors figuring into the real estate roller coaster, in my opinion, are the tax credit from 2009 – 2010 and the current super low interest rates – which applies to home prices in Mission Viejo, Coto de Caza and all of Orange County and for the entire country.

Originally Posted at Orange County Real Estate

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