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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.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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