Up Close and Local: Orange County Market Update
Orange County is a chronically undersupplied apartment market. Occupancy tends to hold relatively constant, regardless of building volumes. However, the rent growth pace can still fluctuate in metro Anaheim, and there was a clear loss of momentum in pricing power during late 2018 and early 2019. Join Greg Willett and Adam Couch as they discuss whether the slower rent growth was a temporary glitch — or a signal of an increasingly competitive leasing environment.
- Strengths and weaknesses in the local economy
- Affordability challenges in one of the country’s most expensive markets
- Neighborhood-level performance variation
Adam CouchMarket Analyst, RealPage, Inc.
Adam Couch is a market analyst with RealPage’s Data Analytics division. Prior to joining Realpage, Adam worked in the foreign exchange and futures industry where he focused specifically in capital markets. He graduated from the University of North Texas with a degree in Finance and was a part of the Student Investment Group. Adam has traveled extensively throughout China where he studied international policy and its impact on macroeconomics.
Greg WillettChief Economist, RealPage, Inc.
Greg facilitates the alignment of the firm’s technology and analytics solutions with rental housing sector needs and opportunities. He is well versed on rental housing market fundamentals and activity nationally, by metro and in individual neighborhoods. Greg is active in industry organizations such as the National Multifamily Housing Council, the Urban Land Institute and the National Apartment Association. He provides commentary for national and local business media.