Laguna Beach|News|
Slumping OC Home Sales Reflect Lack of Affordability
Local home sales have dropped while the pace of price increases has slowed to more modest levels.
![Slumping OC Home Sales Reflect Lack of Affordability](https://patch.com/img/cdn/assets/stock/3017/raw/property-tax_shutterstock_195202046.jpg)
Local home sales have dropped while the pace of price increases has slowed to more modest levels.
Forbes magazine compiles median prices for properties nationwide per zip code. See how cities in Orange County and nearby fared!
A UCLA economic forecast indicates construction won't be able to keep up with demand for new homes in California.
A UCLA forecast warns that supply can't keep up with demand, prompting a need for shifting policies for affordable housing.
The pace of home sales slowed in August as reduced affordability priced many out of the market.
Pending home sales in California posted the strongest month increase in six years, but there may be signs of slowing down.
Sales are up by 15.5 percent and prices by 4.7 percent while affordability is down to 21 percent, which amounts to the historical "normal."
Only 20 percent of the population can afford a home in Orange County where the median price is $713,000.
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Sales are picking up even as inventory remains tight and buyers struggle with affordability.
Dream homes with even dreamier views are currently available.
Your latest list of local homes on the market from Zillow.
Take a look at this eye-popping chart—see where you can, and cannot, afford a house.
Looking to step up or just see how the 1 percenters live? Check out these big Golden State digs.
Orange County's median home prices rose 2.3 percent year-over-year, but with price increases, sales slowed by more than 10 percent.
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The answer to affordable housing lies in less space and more peace of mind.
Laguna Beach ranks among the top 100 areas in Forbes' annual rankings of the most expensive ZIP codes in the country.
The map below shows the number of owner-occupied homes valued between $150,000 and $199,999 in your neighborhood, as reported by the US Census Bureau.
DataQuick also reported that median sale prices have shown year-over-year increases of more than 20 percent for each month, culminating with a 28 percent increase in June 2013.
A guide to local houses on the market, from our partners at Zillow.
Non-news flash: Laguna Beach is expensive. But hey, it got us mentioned in Forbes!