Real estate boom in Orange County drives price spikes and household size changes

Orange County officials are reflecting on the housing market's historical trends as they address ongoing challenges in the region. During a recent meeting of the Orange County Housing Task Force, members discussed the significant housing boom of the late 1980s, which saw dramatic price increases and a surge in household sizes.

One participant recounted the housing market dynamics of 1987, noting that homes in New Windsor sold multiple times within a single year, with prices skyrocketing. This rapid escalation forced many residents to delay moving out on their own, leading to increased household sizes as families and roommates cohabitated longer than desired.

The discussion highlighted the lasting impact of these historical trends on current housing affordability issues. As prices continue to rise, the task force is focused on finding solutions to ensure that residents can access affordable housing options. The insights shared during the meeting underscore the importance of understanding past market behaviors to inform future housing policies.

As the task force continues its work, community members are encouraged to engage in discussions about housing solutions that can help alleviate the pressures faced by many in Orange County today. The ongoing dialogue aims to create a more sustainable and accessible housing market for all residents.