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Positive Economy Trends Appear at Orange County, CA

By
Real Estate Agent with HomeSmart, Evergreen Realty

OC GREAT PARK BALLOON 

 

There are positive local economic trends appearing at Orange County CA in several sectors. ECONOMY AND BUSINESS

 

 

 

Job numbers for Orange County during December 2011 had BIG year-over-year gain in number employed - largest increase in OC working people since January 2001 (11 years ago).

Lots of Orange County workers are still out of work - However, December 2011 had lowest jobless count and lowest local unemployment rate since early 2009.

Orange County startED 2012 with largest labor force in three years.

Food service business was big job creator for 2011 - November 2011 set a record high of 143,200 Orange County restaurant workers.

Store owners added jobs in 2011 – November retailing worker count was the highest for local merchants in three years.

Retailers added jobs during last three months of 2011 to meet holiday shopping - biggest year-end staffing up numbers since 2007.

New cars are selling again at Orange County - with year-to-date sales through October 2011 up 16 percent.

2.1 million square feet of local office space were leased out during 2011 - biggest office leasing at Orange County since 2005.

OC builders took out permits for 4,818 homes, condo units and apartments during 2011 -­ up 56 percent vs. 2010.

ORANGE COUNTY PROPERTY NEWS

I don't know whether these positive economy trends will hold strong for 2012, or whether we will have sustained economy growth at Orange County during this time.  We hope for the best for our Orange County economy, that private industry jobs will increase and buyer demand for real estate will be strong.  


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Source of some information here is Jon Lansner at Orange County Register, January 28, 2012. 

Harrison K. Long – REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage – 949-854-7747 (phone) – ExploreProperties@gmail.com (email) – CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® – now serving as an appointed director at California Association of REALTORs® – attorney member of the California State Bar Association #69137

Please contact us about listing and sale of ORANGE COUNTY CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA.

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Comments (2)

Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

These are definitely positive stats...thanks for sharing this.   I always think your area is one of the "canaries in the mine" regions.

Jan 29, 2012 05:02 AM
Harrison K. Long
HomeSmart, Evergreen Realty - Irvine, CA
REALTOR , GRI, Broker associate, Attorney

Li ... Thanks for your comment.  I hope you and others will consider Orange County CA as not like a possible warning of bad things to come, but rather a sign of future good that things in California and the U.S. real estate markets.

Jan 29, 2012 09:24 AM