{"id":19259,"date":"2026-07-01T14:32:04","date_gmt":"2026-07-01T14:32:04","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=19259"},"modified":"2026-07-01T14:32:04","modified_gmt":"2026-07-01T14:32:04","slug":"orange-county-has-2nd-most-overvalued-homes-in-us","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=19259","title":{"rendered":"Orange County has 2nd-most overvalued homes in US"},"content":{"rendered":"<div><iframe allow=\"geolocation\" allowfullscreen=\"yes\" allowtransparency=\"1\" class=\"iframe\" height=\"550px\" id=\"6a452429745c0\" loading=\"lazy\" scrolling=\"yes\" src=\"https:\/\/flo.uri.sh\/visualisation\/29539731\/embed\" width=\"100%\"><\/iframe><\/p>\n<p>Only one large U.S. housing market has more out-of-whack home pricing than Orange County.<\/p>\n<p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=19257\">Kroger buying regional grocer and pharmacy retailer Giant Eagle in deal valued at $1.65 billion<\/a><\/p>\n<p>That worrisome trend was revealed in a study by John Burns Research and Consulting, which examined the historical relationships between prices, mortgage rates and incomes as of May in 33 major U.S. housing markets \u2013 including eight in California.<\/p>\n<p>Orange County pricing was estimated to be 35% too high relative to its underlying economic fundamentals. Only Indianapolis homes at 42% were more overvalued, a signal that even in the lower-priced Midwest, housing values make little monetary sense.<\/p>\n<p>Now, numerous real estate gurus like to suggest that anyone who\u2019s describing a sickly housing market has little credibility. But these numbers come from one of the most respected research shops in the industry.<\/p>\n<p>So contemplate these stats showing the typical U.S. home is priced 26% above a house hunter\u2019s long-term purchasing power. To John Burns, anything above 20% is in \u201cvery overpriced\u201d status.<\/p>\n<p>Curiously, my trusty spreadsheet found that housing in much of California was less overpriced relative to homebuying fundamentals than in other parts of the nation.<\/p>\n<p>The median overvaluation of the eight Golden State markets was 18%. That\u2019s well below the 25% pricing overvaluation in the 25 markets outside the state.<\/p>\n<p>This misalignment shows up in the marketplace as a standoff between what sellers demand and what buyers can pay. This affordability chasm has put home sales in crash mode for four years.<\/p>\n<p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=19255\">Frumpy Mom: Will your kids be safe at Disneyland?<\/a><\/p>\n<div>\n<\/div>\n<h4>How unaffordable?<\/h4>\n<p>Who can buy at these prices?<\/p>\n<p>Well,\u00a0the California Association of Realtors estimates that only 22% of Golden State households would qualify to buy the $843,000 median-priced single-family home in the first quarter of 2026. And that feat requires a $205,000 household income \u2013 plus a 169,000 down payment.<\/p>\n<p>The only good news: Affordability is up from 19% a year earlier.<\/p>\n<p>Nationally, 44% of Americans can afford the $404,000 national median-priced house \u2013 with a $98,000 income required. Affordability was 40% in the first quarter of 2025.<\/p>\n<div>\n<\/div>\n<p>The grand question: What combination of house construction, more owners selling, cheaper mortgages, higher incomes \u2013 and, yes, price cuts \u2013 will it take to revive homebuying?<\/p>\n<h4>Mispriced markets<\/h4>\n<p>Consider the overvaluation levels for the seven other California markets in the study, in order of their national ranking:<\/p>\n<p>\u2013 San Diego: 25% overvalued, No. 14 of 33.<\/p>\n<p>\u2013\u00a0Inland Empire: 25% overvalued, No. 14.<\/p>\n<p>\u2013\u00a0Los Angeles County: 19% overvalued, No. 23.<\/p>\n<p>\u2013\u00a0San Jose: 17% overvalued, No. 26.<\/p>\n<p>\u2013\u00a0San Francisco: 16% overvalued, No. 27.<\/p>\n<p>\u2013\u00a0Sacramento: 16% overvalued, No. 27.<\/p>\n<p>\u2013\u00a0East Bay: 11% overvalued, No. 31.<\/p>\n<p>By the way, price cuts work magic.<\/p>\n<p>The nation\u2019s least overvalued market \u2013 the only one deemed \u201cfairly priced\u201d by the analysis \u2013 was Austin. The Texas city, which has seen home values slashed as economic growth cooled, has prices deemed only 6% too high.<\/p>\n<p><em>Jonathan Lansner is the business columnist for the Southern California News Group. He can be reached at jlansner@scng.com<\/em><\/p>\n<p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=19253\">OC beach cities report dogs on beaches are among the highest cause for citations<\/a><\/p>\n<ul>\n<li><span><strong>Try Jonathan Lansner\u2019s Substack collection of economic trends. CLICK HERE!<\/strong><\/span><\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>This math shows O.C. pricing 35% too high relative to the underlying economic fundamentals. Only Indianapolis homes at 42% were more overvalued.<\/p>\n","protected":false},"author":1,"featured_media":19258,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,42],"tags":[],"class_list":["post-19259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion-columnist","category-represents-the-opinion-of-the-author-who-is-either-a-paid-columnist-or-an-unpaid-guest-columnist"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Orange County has 2nd-most overvalued homes in US - Silicon Valley Moving Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/siliconvalleymovingpost.com\/?p=19259\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orange County has 2nd-most overvalued homes in US - Silicon Valley Moving Post\" \/>\n<meta property=\"og:description\" content=\"This math shows O.C. pricing 35% too high relative to the underlying economic fundamentals. Only Indianapolis homes at 42% were more overvalued.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/siliconvalleymovingpost.com\/?p=19259\" \/>\n<meta property=\"og:site_name\" content=\"Silicon Valley Moving Post\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-01T14:32:04+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=19259#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=19259\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/#\\\/schema\\\/person\\\/636e2e5a10a21cf87fe6eb5951e8a6b7\"},\"headline\":\"Orange County has 2nd-most overvalued homes in US\",\"datePublished\":\"2026-07-01T14:32:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=19259\"},\"wordCount\":510,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=19259#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/34385d061451fd09007bff146b9467ef.webp\",\"articleSection\":[\"Opinion Columnist\",\"Represents the opinion of the author who is either a paid columnist or an unpaid guest columnist.\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=19259#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=19259\",\"url\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=19259\",\"name\":\"Orange County has 2nd-most overvalued homes in US - Silicon Valley Moving Post\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=19259#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=19259#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/34385d061451fd09007bff146b9467ef.webp\",\"datePublished\":\"2026-07-01T14:32:04+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/#\\\/schema\\\/person\\\/636e2e5a10a21cf87fe6eb5951e8a6b7\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=19259#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=19259\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=19259#primaryimage\",\"url\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/34385d061451fd09007bff146b9467ef.webp\",\"contentUrl\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/34385d061451fd09007bff146b9467ef.webp\",\"width\":1024,\"height\":576},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=19259#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Orange County has 2nd-most overvalued homes in US\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/#website\",\"url\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/\",\"name\":\"Silicon Valley Moving Post\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/#\\\/schema\\\/person\\\/636e2e5a10a21cf87fe6eb5951e8a6b7\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/siliconvalleymovingpost.com\"],\"url\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Orange County has 2nd-most overvalued homes in US - Silicon Valley Moving Post","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/siliconvalleymovingpost.com\/?p=19259","og_locale":"en_US","og_type":"article","og_title":"Orange County has 2nd-most overvalued homes in US - Silicon Valley Moving Post","og_description":"This math shows O.C. pricing 35% too high relative to the underlying economic fundamentals. Only Indianapolis homes at 42% were more overvalued.","og_url":"https:\/\/siliconvalleymovingpost.com\/?p=19259","og_site_name":"Silicon Valley Moving Post","article_published_time":"2026-07-01T14:32:04+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/siliconvalleymovingpost.com\/?p=19259#article","isPartOf":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=19259"},"author":{"name":"admin","@id":"https:\/\/siliconvalleymovingpost.com\/#\/schema\/person\/636e2e5a10a21cf87fe6eb5951e8a6b7"},"headline":"Orange County has 2nd-most overvalued homes in US","datePublished":"2026-07-01T14:32:04+00:00","mainEntityOfPage":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=19259"},"wordCount":510,"commentCount":0,"image":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=19259#primaryimage"},"thumbnailUrl":"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/07\/34385d061451fd09007bff146b9467ef.webp","articleSection":["Opinion Columnist","Represents the opinion of the author who is either a paid columnist or an unpaid guest columnist."],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/siliconvalleymovingpost.com\/?p=19259#respond"]}]},{"@type":"WebPage","@id":"https:\/\/siliconvalleymovingpost.com\/?p=19259","url":"https:\/\/siliconvalleymovingpost.com\/?p=19259","name":"Orange County has 2nd-most overvalued homes in US - Silicon Valley Moving Post","isPartOf":{"@id":"https:\/\/siliconvalleymovingpost.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=19259#primaryimage"},"image":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=19259#primaryimage"},"thumbnailUrl":"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/07\/34385d061451fd09007bff146b9467ef.webp","datePublished":"2026-07-01T14:32:04+00:00","author":{"@id":"https:\/\/siliconvalleymovingpost.com\/#\/schema\/person\/636e2e5a10a21cf87fe6eb5951e8a6b7"},"breadcrumb":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=19259#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/siliconvalleymovingpost.com\/?p=19259"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/siliconvalleymovingpost.com\/?p=19259#primaryimage","url":"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/07\/34385d061451fd09007bff146b9467ef.webp","contentUrl":"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/07\/34385d061451fd09007bff146b9467ef.webp","width":1024,"height":576},{"@type":"BreadcrumbList","@id":"https:\/\/siliconvalleymovingpost.com\/?p=19259#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/siliconvalleymovingpost.com\/"},{"@type":"ListItem","position":2,"name":"Orange County has 2nd-most overvalued homes in US"}]},{"@type":"WebSite","@id":"https:\/\/siliconvalleymovingpost.com\/#website","url":"https:\/\/siliconvalleymovingpost.com\/","name":"Silicon Valley Moving Post","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/siliconvalleymovingpost.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/siliconvalleymovingpost.com\/#\/schema\/person\/636e2e5a10a21cf87fe6eb5951e8a6b7","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/siliconvalleymovingpost.com"],"url":"https:\/\/siliconvalleymovingpost.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/posts\/19259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19259"}],"version-history":[{"count":0,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/posts\/19259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/media\/19258"}],"wp:attachment":[{"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}