ORANGE COUNTY REGISTER

CSUF Analysis Predicts O.C. Home Prices Will Rise Up to 12 Percent in 2 Years

Orange County house prices will rise between 4 percent and 6 percent next year and the year after, says Anil Puri, dean of Mihaylo College of Business and Economics.

That could push the median price of an existing single-family home to $765,000 in 2016, up from the $722,170 median home price reported by the California Association of Realtors in July.

“Given the substantial price increases in the last few years, the expected increase in interest rates and moderate to good (but not great) growth in jobs and output, we believe that this is a reasonable expectation,” Puri, says. Read the story.

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