Happy New Year! May peace, health, and happiness find their way to your door in 2016.
The A. Gary Anderson Center for Economic Research released the 2016 forecast on the nation, California, and Orange County. Business leaders, media, and Chapman University alumni gathered at the Segerstrom Center for the Arts to hear the details on December 9, 2015.
- Orange County median home prices to increase by 2.5 percent in 2016
- A lower unemployment rate should fuel real estate purchases
- Orange County forecast looks to generate about 39,000 payroll jobs in 2016, an increase of 2.5 percent
Read the 2016 Forecast Press Release here
It’s my 8th year participating in the annual CHOC Walk in the Park. The CHOC Walk draws approximately 16,000 walkers and raises around two million dollars every year for the care, education, and services of children.
Why do I participate every year?
I started volunteering at CHOC back in college. My dance group performed for the children in hopes of making them smile and laugh (it worked!). After college, my company was involved with CHOC and Children’s Miracle Network. I took on a leadership position through a CHOC advisory board and learned more about this incredible hospital and how they care for the littlest of patients. I’ll always remember my tour through NICU. The babies were so tiny! Here’s a photo of a blood pressure cuff used to take a preemie’s blood pressure.
Even on an early morning in October, people are energized and smiling; eager to walk through Disneyland and California Adventure. There’s excitement in the air and a great sense of community. Some people are holding signs and wearing t-shirts thanking CHOC doctors and nurses and others are holding messages with “cancer free” and the little kid is walking with his/her group. That is awesome to see! However, there are groups holding up sad signs in honor of a child that lost the battle. Amidst the smiles of the morning, I can’t help but shed a few tears when I see these. This feeling has never gone away and keeps me walking every year. Even if I have a rough day, I know there is a child at CHOC that needs my prayers and must fight to make it to tomorrow.
With your support, CHOC Children’s
can continue to provide healthcare and services to our community’s children. Please donate any amount to my CHOC Walk in the Park page
. Skip your Starbucks run and donate $5 today! You’ll be pleased to know that your gift will make a difference in the life of a child. Thank you for your support!
The A. Gary Anderson Center for Economic Research released an updated economic forecast for 2015 and 2016 forecast at the Segerstrom Center for the Arts in Costa Mesa, CA. Dr. Jim Doti and Dr. Esmael Adibi from Chapman University presented information on the nation, California, and Orange County.
- Orange County median home prices to increase by 4.8 percent in 2015 and 3.7 percent in 2016
- With a $89,000 median family income in 2016, a potential Orange County buyer needs to allocate 37.9 percent of that income to purchase a median-priced home
- Orange County is forecasted to generate about 47,000 payroll jobs in 2015, an increase of 3.1 percent
Read the June 2015 Update Press Release here
The A. Gary Anderson Center for Economic Research released an updated economic forecast for 2014 and 2015 forecast at the Segerstrom Center for the Arts in Costa Mesa, CA. Dr. Jim Doti and Dr. Esmael Adibi from Chapman University presented information on the nation, California, and Orange County. “The forecast calls for real GDP growth to surpass three percent in 2015—the first time that has happened on an annual basis since the recovery began in 2009. ”
- Household wealth is at its highest level ever, above $80 trillion
- Construction of new homes has served as an engine of growth for the economy
- Median resale SFR prices are forecasted to increase by 4.1% in Orange County for 2015
Read the June 2014 Forecast Press Release Here
The 36th annual Chapman University Economic Forecast presented by Dr. Jim Doti and Dr. Esmael Adibi was held this week at the Segerstrom Center for the Arts in Costa Mesa, CA. Around 1,500 business executives and leaders attended. Through research and analyses the A. Gary Anderson Center for Economic Research projected reporting on the nation, California, and Orange County. The 2014 forecast identified weak economic growth and a “cool off” for housing prices due to “lower housing affordability and increasing supply of new and resale housing units.”
- Residential construction activity will fuel economic growth nationwide
- Total payroll job creation of 332,000 in California and 35,000 in Orange County in 2014.
- Median resale SFR prices are forecasted to increase by 5.6% in Orange County
Read the Nov 2013 Forecast Press Release Here
Many parts of Orange County including areas inland are amazing places to buy real estate. Excellent neighborhoods are scattered across OC from turnkey condos ideal for business travelers to homes perfect for raising a family. I was surprised to hear recently from Curt Pringle, former Mayor of Anaheim, that Orange County has 34 incorporated cities. I knew Orange County houses around 3 million+ people and about 1 million are Catholic, but 34 was such a large number. I did not want to Google the list, so I counted the cities to test my knowledge. Check out the list here. Which city is your favorite? If you need some more time to decide, just keep calm and go to the beach.
I typically discuss coastal real estate because luxury homes have been my focus over the years. Most of these homes are closer to the Pacific Ocean translating into a higher price point due to the limited supply of prime real estate or land near the beach. The temperature along the coast hovers between 60 to 70 degrees and most days showcase a view of Catalina Island. I’m also happiest at the beach, so real estate by the beach works well. One of my favorite questions to ask friends and clients is, “Do/would you prefer to live beachfront or up in the hills with a spectacular ocean view?” Still not sure which you would pick? Imagine you hit the Lotto and had an extra $15M to spend, then select your answer.
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: