Economic Forecast – Orange County, CA

chapman u

It’s that time of year again… the entertaining and informative Chapman University Economic Forecast presented by Dr. Jim Doti and Dr. Esmael Adibi. The annual forecast is held in December and the update takes place in June. More than 1,000 business executives gathered at the Segerstrom Center for the Arts in Costa Mesa, CA. Through complex econometrics the A. Gary Anderson Center for Economic Research analyzes and predicts what will happen in the nation, California, and Orange County. I’m happy to report things are improving in Orange County according to the economists.

Positive highlights for Orange County include:

    • 2014 median annual household income projected to be $88,800
    • Price of a median-single family home is forecasted to increase by 8.8 percent according to the California Association of Realtors®
    • Addition of 32,000 jobs in Orange County by the end of 2013
    • OC job creation increased 2.3% in 2012 and was spread over multiple sectors

Read the full forecast here:

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