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Orange County homes are appreciating the slowest in Southern California. According to a new report from JLL, Orange County home prices increase 2.1% last year, compared to of 3.3%, 2.4% for San Diego, 4.1% for Riverside and 4.5% for San Bernardino.

“Orange County home appreciation is the lowest in the SoCal region. Moreover, the gains are among the lowest since the housing recovery in 2012,” Paulina Torres, research analyst at JLL, tells GlobeSt.com. “The main reason for this is simple, Orange County is already an expensive market, and prices are nearing their plateau. It is still a seller’s market in Orange County but these sellers actually want to sell in a constricted timeframe and as many millennials enter the housing market and with low mortgages and a strong economy, homeownership rates in the entire state are at a nine-year high.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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