I think the OC dragged it’s feet quite a bit in the last cycle. The numbers are out there somewhere.
I would also guess that the coming Alt A and Prime/jumbo prime were higher dollar loans made in areas like the OC. These are now coming onto the radar screen. So Hang on. The show should start to get better soon.
As a note: I was in Newport Beach in January of 1994 and there were nice 2 bdrm condo’s on the beach selling for $99K and hardly anyone was buying. I didnt. Wish I had.
