09/29/2026
A slower housing market does not automatically mean another 2008.
The latest Orange County Housing Report shows some major differences between the Great Recession and today:
🏡 Active inventory: 4,952 homes today, compared with roughly 16,000–18,000 leading into the Great Recession. OCHousing-Sep-MIS-26.pdf
💰 Homeowner equity: About 40% of homeowners have no mortgage, and homeowners have approximately $11.7 trillion in tappable equity nationally. OCHousing-Sep-MIS-26.pdf
📉 Distressed sales: Orange County had 10,244 foreclosures and short sales in 2008 and 13,008 in 2009. Through August 2026, there have been just 25. OCHousing-Sep-MIS-26.pdf
📊 Buyer demand is slowing: Pending sales dropped to 1,349, down 8% in just two weeks and the lowest September demand reading in Orange County since 2007. OCHousing-Sep-MIS-26.pdf
⏱️ Homes are taking longer to sell: Expected Market Time has increased to 110 days, compared with 85 days at this time last year. OCHousing-Sep-MIS-26.pdf
The report’s key point: a major housing crash typically requires excessive supply, low demand, and sellers who must sell. According to the report, today Orange County has low demand, but inventory remains limited and distressed selling remains extremely low. OCHousing-Sep-MIS-26.pdf
Thinking about buying or selling in Orange County? Message us and let’s talk about what these numbers mean for your neighborhood.
Tommy & Lisa
Love Where You Live ❤️
🌐 TommyLisa.com
📞 949-395-8385
Source: Reports On Housing — “Then and Now: 2008 vs. Today,” September 28, 2026, written by Steven Thomas. OCHousing-Sep-MIS-26.pdf