Is South Orange wealthy?
South Orange is a wealthy and diverse township and has one of the largest Jewish communities in Essex County, along with nearby Livingston and Millburn.
Will home prices drop in 2022 in Southern California?
California Housing Forecast
C.A.R.’s “2022 California Housing Market Forecast” predicted a 5.2% decline in existing single-family home sales to 416,800 units, down from the projected 2021 sales estimate of 439,800 units. Their forecast for California median home prices was for a rise of 5.2% to $834,400 in 2022.
Is it a good time to buy a house in Orange County?
And while mortgage rates are rising, with Freddie Mac’s primary mortgage market survey reporting that the 30-year fixed rate is at 5.2% as of Aug. 11, there is still a lot of demand for homes in Orange County, especially along the coast, said Schroeder. “It’s still a good time to buy and sell,” said Schroeder.