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REAL
ESTATE MARKET
In the face of large increases in housing
prices in the past year, Orange County residents continue to feel positive
about the local housing market. Three in four homeowners say buying
a home here is an excellent or good investment, while
18% call it fair and only 5% say poor. Among renters,
57% think owning a home in Orange County would be an excellent
or good investment, 25% say
fair and 15% call it poor. These numbers are unchanged
since 1998.
Higher income makes for greater confidence
in Orange County’s escalating housing market -- among those earning
$80,000 or more a year, 31% call local real estate an excellent investment,
compared to only 15% of those making less than $36,000. There are no
differences by region.
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"Overall, do you think buying a home
in Orange County today is an excellent, good, fair, or poor
investment?"
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| Homeowners: |
93
| 94
| 95 |
96 |
97 |
98 |
99 |
00 |
| Excellent/Good |
59% |
57% |
50% |
60% |
70% |
75% |
75% |
75% |
| Fair |
26 |
28 |
31 |
30 |
23 |
18 |
19 |
18 |
| Poor |
14 |
14 |
18 |
8 |
6 |
5 |
5 |
5 |
| Don't Know |
1 |
1 |
1 |
2 |
1 |
2 |
1 |
2 |
| |
| Renters: |
93 |
94 |
95 |
96 |
97 |
98 |
99 |
00 |
| Excellent/Good |
53% |
47% |
41% |
45% |
56% |
61% |
56% |
57% |
| Fair |
25 |
30 |
32 |
34 |
29 |
25 |
27 |
25 |
| Poor |
20 |
20 |
25 |
17 |
9 |
12 |
13 |
15 |
| Don't Know |
2 |
3 |
2 |
4 |
6 |
2 |
4 |
3 |
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