The median home price record was smashed. Twice. Apartment rents reached new heights, too. Orange County saw the highest sale ever of a publicly listed residence, one set on a twin promontory jutting into the Pacific Ocean. As more homes tipped over the line into seven-digit values, the market for those under $750,000 remained strong, and demand for affordable houses outstripped supply. An analysis published in June showed that in recent years, the Orange County and Los Angeles markets have had the most financially stressed homeowners among the largest U.S. metro areas.
from Newport Beach Homes http://ift.tt/2aWNIn6