As of May 2013 the median price for a resale home in Orange County is up to $540,000. That is a jump of $105,000 since the same time last year
During the first quarter of 2012 105,251 homes had mortgages that were underwater which was about 19% of homes (SOURCE: CoreLogic).
Let's fast forward to 2013 and 44,000 Orange County homes have been pushed above the water in the past year by rising home prices. This still leaves 60,989 homes with a mortgage still underwater. This equates to 11.1% of homes in the first quarter of 2013 (SOURCE: CoreLogic).
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