One Expert’s 2016 Real Estate Predictions for Orange County CA

Orange County Property NewsMortgage expert Jeff Lazerson’s article about what to expect for mortgage and real estate next year for Orange County CA made some predictions:

1.  Mortgage rates are not going up. The 30-year fixed will average 3.75 percent next year.

2.  The Federal Reserve will not raise short-term rates at all in 2016.

3.  Orange County’s residential home sales volume will drop by 5 percent compared with 2015.

4.  Median Orange County home prices will drop by 1 percent from this year’s $604,000. Lower-end sales will increase, but the higher end will subside.

By Harrison K. Long.  Source of information and predictions is an article at OCRegister.com by Jeff Lazerson, mortgage broker, on Dec. 27, 2015.

About Harrison K. Long

Professional real estate representative, Realtor, Broker associate, Evergreen Realty HomeSmart, Irvine and Orange County, CA.
Real estate broker, CALBRE #01410855.
Providing value and helping property owners, real estate investors, trustees, executors and administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties and best decisions about homes and real estate – Orange County Association of REALTORs, member and prior service on board of directors from 2012-2014; California Association of Realtors, member and now serving on its board of directors; National Association of Realtors – Also an attorney member of the California State Bar Association #69137 – Contact by telephone or text at 949-701-2515.

This entry was posted in OC home value guide, OC Property news, Orange County home values, Orange County Property News, Orange County real estate, Real estate economics, Real estate laws, Real Estate Predictions. Bookmark the permalink.

Leave a Reply