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6 <br /> 6 <br /> What are the basic conditions defining housing and community development <br /> needs in Orange County? <br /> The 2006 - 2008 Census estimates the total population of Orange County at <br /> 124,168. The racial makeup of the County was 76.21% White, 12.99% Black/African <br /> American, 0.37% American Indian and/or Alaskan Native, 5.66% Asian, and 2.86% <br /> some other race; the American Community Survey did not estimate the size of the <br /> Hispanic or Latino populations. Historical trends in Orange County's racial makeup <br /> between 1990 and 2008 are depicted in the Table on the next page. <br /> Orange County Historical Demographic <br /> C o <br /> ro c <br /> c ru u 4� <br /> U <br /> U ru LE N J <br /> Q C C \ = a L_ i U <br /> .0 U (6 a) L -0 L <br /> U ru a-+ _r_ ru L Q <br /> VJ <br /> m Q Q Q Q z 0 <br /> 1990 75,871 14,893 286 2,325 36 440 5,273 <br /> 2000 92,272 16,298 457 4,845 20 2,312 3,480 <br /> 2006_ <br /> 2008* 94,631 16,130 461 7,023 29 3,525 -- <br /> Sources: Census 1990 Summary Tape File 1, Census 2000 Summary File 1, and 2006-2008 American <br /> Community Survey 3-year estimates <br /> While recent economic conditions have caused home prices to fall in many parts of <br /> the United States, the housing market downturn is having only minimal effects on <br /> Orange County relative to other regions. As reported in the February 2009 issue of <br /> The Triangle Business Journal, "The Triangle's housing market continues to be <br /> among the best in the country in terms of prices, according to a new batch of federal <br /> data. The Federal Housing Finance Agency says home prices in the Raleigh-Cary area <br /> increased by 2.96 percent in 2008. That ranks the Raleigh metropolitan area 18th <br /> best in the country. The Durham-Chapel Hill area also fared well, placing 28th with <br /> home-price growth of 2.15 percent for the 12 months ending Dec. 31. Nationally, <br /> FHFA says, home prices fell by 4.5 percent in 20081." Based on these and other <br /> indicators in the housing market, it appears as though the foreclosure crisis in <br /> America has had little impact on home sales prices [on average] in Orange County. <br /> 1 Triangle Business Journal, "Raleigh and Durham Home Prices Rose Against Tide in 2008." February 24, <br /> 2009. http://www.raleigh-wake.org/page/raleigh-and-durham-home-prices-rose-against-tide-in-2008 <br /> Y 2010-2015 Consolidated Plan 6 <br />