Will rate cuts rescue Orange County’s homebuying slump?
Can falling mortgage rates – whenever that happens – revive homebuying in Orange County? Let’s first look at the lethargic sales pace. In the 12 months ending in August, just 28,981 Orange County homes sold, according to CoreLogic data. That’s 42% below the homebuying pace of two years earlier. This drop is linked to drastically falling…
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