Orange County’s housing bubble, 10 years later
I’m not sure anyone popped any bubbly to remember the 10th anniversary of one particular peak of the housing bubble.
In June 2007, Orange County median home selling price hit $645,000 — a high point near the end of that era’s crazy, risky lending and homebuying insanity. In less than two years, a violent downturn slashed the typical local home’s value almost in half.
Last year, that old peak was topped and this year’s continued run-up pushed the median to $695,000 i
Read more »